EL AL Israel Airlines Agree on 787 Dreamliner

Courtesy Boeing

TEL AVIV, Israel, /PRNewswire/ — Boeing (NYSE: BA) and EL AL Israel Airlines agreed on an order for up to nine 787 Dreamliners, valued at more than $2.2 billion at current list prices. Three of the orders will be added to Boeing’s Orders & Deliveries website on Nov. 5 and the remainder will be posted as further contractual requirements are finalized.

EL AL will also lease six additional 787s from independent leasing companies as the Israeli-flag carrier looks to replace and grow its existing long-haul fleet, increasing capacity and providing greater route flexibility to and from its hub at Ben Gurion Airport, Tel Aviv.

“I am proud to unveil today the largest aircraft acquisition program in the history of EL AL. Our agreement to purchase 787 Dreamliners is a significant step forward in the optimization of our route network, enhancing passenger service and the overall flight experience,” said David Maimon, President and Chief Executive Officer, EL AL. “These aircraft are the latest and most advanced in the world and are efficient and economical. EL AL has been an all-Boeing carrier since taking delivery of its first Boeing airplane in 1961 and currently operates a fleet of 22 737s, seven 747s, seven 767s and six 777s.

“Boeing is proud of our long-standing relationship dating back to the delivery of the airline’s first 707 in 1961 and we are pleased to now count EL AL as the newest 787 customer,” said Boeing Commercial Airplanes President and CEO Ray Conner.

Source Boeing / Edited By Airline Adviser 11/02/15