GATX Orders Boeing 737-800s And 757-200s

GATX Capital has ordered five Next-Generation 737-800s and two 757-200s, The Boeing Company today confirmed. Today's announcement brings GATX orders for the Next-Generation 737 to 20 and orders for the 757 to 10. These orders have been accounted as "unidentified customers" in cumulative order totals published by Boeing on Dec. 15.

Delivery of these airplanes will begin in 2000 and continue through 2001.

"Boeing has done an excellent job designing and marketing these airplanes, as evidenced by the large numbers of sales they have achieved," said Alan Coe, executive vice president of GATX Capital. "The new 737-800 has already been proven a formidable competitor. With our first deliveries GATX introduced itself and the aircraft to new customers. We have every confidence that the program will continue to be a great success for Boeing and for GATX."

The Next-Generation 737 establishes a new standard for speed and reliability, which means that passengers are less likely to miss connections or arrive late. The airplane's new overhead bins are custom designed to handle more roll-aboard luggage, and its completely redesigned passenger cabin continues to win praise for its spaciousness, comfort and design.

"GATX has been a major force in introducing the 737-800 into France and other European countries. They continue to expand the Next-Generation 737 customer base, particularly among inclusive-tour operators," said Seddik Belyamani, Boeing Commercial Airplanes Group executive vice president - Sales and Marketing.

The Boeing Next-Generation 737 entered service in 1998. The four-model family builds on the strengths that have made the Boeing 737 the world's most successful airplane while incorporating improvements designed for the 21st century. The Next-Generation 737 airplane has a new and larger wing, which helps it fly higher, faster and farther than any airplane in its class. The 737-800 model incorporates all the enhancements of the Next-Generation 737 family, including a new, more spacious cabin and a flight deck featuring the most versatile display system offered on any commercial jetliner.

The twin engine Boeing 757-200 is a medium-to-long-range jetliner incorporating advanced technology for exceptional fuel efficiency, low noise levels, increased passenger comfort and top operating performance. The 757 can fly both long- and short-range routes and its broad use effectively lends itself to "hub-and-spoke" planning.

GATX Capital Corp. is a wholly owned subsidiary of GATX Corp. (NYSE: GMT), which combines unique financing, asset and logistic solutions for customers and partners worldwide through its three business areas-GATX Capital, General American Transportation, and the GATX Integrated Solutions Group. GATX assets include rail cars, locomotives, commercial aircraft, bulk liquid terminals and distribution systems, and technology equipment.

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Fernando Vivanco
Sean Griffin
George S. Lowman
GATX Corp.