Intrepid Aviation Announce First 777-300ER Order

By Airline Adviser | July 27, 2014

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing (NYSE: BA) and Intrepid Aviation announced the leasing company’s first direct Boeing order for six 777-300ERs (Extended Range), valued at $1.9 billion at current list prices.

Intrepid also has the option to purchase an additional four 777s. If all options are exercised, the value of the announcement could reach more than $3.2 billion at list prices.

“The economics of the 777-300ER are outstanding and offer an attractive growth potential for our airline customers,” said Franklin Pray, Intrepid Aviation president and CEO. “We are pleased to work with Boeing and add this order of the most popular twin-aisle aircraft of all time to our existing fleet of 777-300ERs.”

Source Boeing / Edited By Airline Adviser 07/27/14

Posted in Airline Adviser, Boeing, Intrepid Aviation