Boeing

The Boeing Company confirmed today that International Lease Finance Corporation (ILFC), a unit of American International Group, has committed to order 40 jetliners, including eight new Boeing 777 Longer-Range Derivatives and 25 777-200ERs (extended range).

One of the world's largest lessors, ILFC also announced commitments for seven Next-Generation 737s, which will bring the number of Next-Generation 737s ordered by ILFC to 211. Delivery of the 777 models is scheduled for 2002 through 2009, while the 737s will be delivered between 2003 and 2005. When a definitive agreement is signed, ILFC orders of Boeing jetliners will total 644 aircraft.

"We're particularly excited about the new longer-range 777 models, which will provide unsurpassed range with higher speeds and superior passenger comfort -- important features for today's traveler," said Steven Udvar-Hazy, president and chief executive officer - ILFC. "Boeing 777 and Next-Generation 737 airplanes have proven very popular with our airline customers, earning a solid return."

ILFC was the first leasing company to order the Boeing 777, and with this announcement, has now committed to a total of 67 of the advanced technology twinjets. ILFC has placed 777s with China Southern, Air Europe Italy, Aeroflot, Continental, Air France and Emirates, among others.

"We're very pleased that ILFC has chosen these advanced technology models to provide to its customers around the world the very best capability and value in commercial airplanes," said Alan Mulally, president -- Boeing Commercial Airplanes. "Our new 777 and 737 airplanes are the best sellers in their classes, combining high reliability and outstanding performance with passenger comfort."

"We have a long and successful relationship with ILFC, covering many years and many airplane models, " added Seddik Belyamani, executive vice-president of Sales and Marketing for Boeing Commercial Airplanes. "The superior operating economics of these airplanes make them great additions to the ILFC fleet."