Boeing

Boeing [NYSE: BA] announced today that AirTran Airways, the Atlanta- and Orlando-based low-cost carrier, has ordered 24 Next-Generation 737-700s.

AirTran Airways converted options for 14 airplanes for delivery in 2008 and ordered 10 additional 737-700s for delivery in 2010. The estimated value of the order, at list prices, is $1.3 billion.

"Orders by highly successful low-cost carriers such as AirTran Airways continue to validate the value of the Next-Generation 737 to cost conscious airlines," said Alan Mulally, Boeing Commercial Airplanes president and CEO. "As AirTran Airways continues to grow, the Next-Generation 737s will continue to contribute to the airline's bottom line with reliable, efficient and economical service."

AirTran Airways operates a mixed fleet of Boeing 717s and 737-700s. It took delivery of its first 737-700 in June 2004. In May Boeing will deliver its last new 717 to AirTran Airways. The airline operates 26 Boeing 737-700 airplanes and 85 Boeing 717-200 airplanes.

"AirTran Airways' long-standing partnership with The Boeing Company has enabled us to build a world-class aircraft fleet that is unparalleled in the aviation industry," commented Joe Leonard, AirTran Airways' chairman and chief executive officer. "The Boeing 737 has set a new standard for commercial jet transport, allowing us to increase efficiency and enhance our service for the consumer."