Boeing [NYSE: BA], the Lufthansa Group and Swiss International Air Lines (SWISS) have finalized an order for three additional 777-300ER (Extended Range) airplanes, valued at $990 million at current list prices. This order, previously attributed to an unidentified customer, follows SWISS' 2013 order for six 777-300ERs, and will form the backbone of the Swiss flag-carrier's long-haul fleet renewal.
"I am delighted that with the formal signing of the contract, SWISS has set a further milestone in its long-haul fleet renewal," said Harry Hohmeister, CEO of SWISS.
The 777-300ER is the most fuel and cost-efficient airplane in its class today with 99.5 percent reliability, making it the most reliable twin-aisle aircraft in the world. The flagship of the world's elite airlines, the 777-300ER carries 386 passengers in a standard three-class configuration up to 7,825 nautical miles (14,490 kilometers), on non-stop routes.
"SWISS' latest order for additional airplanes is a testament to the unrivaled economics of the 777-300ER as the carrier continues to renew its long-haul fleet," said Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes. "The 777-300ER is the perfect platform for SWISS to showcase its exceptional customer offering and remain at the forefront of international travel."
SWISS is part of the Lufthansa Group, serving 106 destinations in 49 countries from the Swiss cities of Zurich, Geneva and Basel, carrying over 16 million passengers a year with a fleet of 95 airplanes.
Source: The Boeing Company (NYSE: BA)
Date: May 4, 2015