Boeing, GECAS Announce Commitment for 10 787-10X Dreamliners

Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today at the 2013 Paris Air Show a commitment to order 10 787-10X Dreamliners equipped with state-of-art GEnx engines, subject to the 787-10 program launch.

Boeing looks forward to working with GECAS to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.

"We have studied the capabilities Boeing is developing for the 787-10X and anticipate strong demand from our airline customers for this airplane," said GECAS President and CEO Norman C.T. Liu. "The 787-10X will be a perfect complement to our broad portfolio of modern, fuel-efficient aircraft offering the lowest operating costs in the market."

Boeing has been working closely with airline and leasing customers to define the key capabilities and features of 787-10X, which would be the third and largest member of the 787 family. The 787-10X under consideration would add approximately 15 percent passenger capacity over the 787-9 with superior fuel efficiency to serve medium and long-haul markets.

"As a leader in commercial airplane leasing and financing, GECAS enjoys an outstanding reputation and its influence is substantial," said Ray Conner, president and CEO, Boeing Commercial Airplanes. "When GECAS makes a decision about how to build its fleet, the industry takes note. Its commitment to the 787-10X is a strong statement about the capabilities of this highly efficient airplane."

Source: The Boeing Company (NYSE: BA)
Date: Jun 17, 2013