Boeing, ALAFCO Firms Up Order for 20 Boeing 737 MAXs
(Source: Boeing Co.; issued November 4, 2012)
KUWAIT --- Boeing and Kuwait airplane leasing company ALAFCO finalized an order for 20 Boeing 737 MAX 8s valued at $2.0 billion at current list price. The order was first announced as a commitment at the Farnborough Airshow in July.
"This is the first order for the 737 MAX from the Middle East, which is one of the aviation industry's highest growth regions," said Ray Conner, president and CEO of Boeing Commercial Airplanes. "We are proud of the confidence that ALAFCO has placed in the 737 MAX, and hope to continue this partnership well into the future."
The order brings the total number of 737 MAX orders to date to 878.
Afriqiyah Airways has ordered an additional 4 A350-900s. It also switched its orders for 6 A350-800s to A350-900s. The airline now has 10 A350-900s on order.
Statement to the Honk Kong Stock Exchange: Acquisition (edited excerpt)
(Source: China Eastern Airlines; issued Nov. 23, 2012)
On 23 November 2012, the Company (as the purchaser) entered into the Purchase Agreement with Airbus SAS (as the seller) regarding the Acquisition.
Aircraft to be acquired: The Airbus Aircraft (i.e. sixty brand new Airbus A320 series aircraft)
Consideration: The aircraft basic price of the Airbus Aircraft in aggregate is approximately USD5.392 billion (equivalent to approximately RMB34.239 billion) based on the relevant price catalog in 2012.
Such aircraft basic price comprises the airframe price and engine price.
The Purchase Agreement was negotiated and entered into in accordance with customary business and industry practice, under which Airbus SAS has granted to the Company substantive price concessions with regard to the Airbus Aircraft.
Such price concessions were determined after arm’s length negotiations between the Company and Airbus SAS and as a result, the Consideration is significantly lower than the aircraft basic price of the Airbus Aircraft mentioned above.
Delivery: The Airbus Aircraft are expected to be delivered to the Company in stages from 2014 to 2017.
DISPOSAL
On 23 November 2012, the Company (as the seller) entered into the Disposal Agreement with Airbus SAS (as the purchaser) regarding the Disposal.
Aircraft to be disposed of:
The Regional Jets (i.e. eight Canadair Regional Jets, CRJ, and ten Embraer Regional Jets, EMB).
They were delivered to the Company from years 2000 to 2007.
The average usage of the Regional Jets is approximately 8.2 years.
Consideration for the Disposal Agreement: The consideration for the Disposal Agreement is determined after arm’s length negotiation between the parties with reference to the unaudited book value of the Regional Jets as at the Delivery Dates and the condition of each of the Regional Jets as at the Delivery Dates.
As at 23 November 2012, the unaudited book value of the Regional Jets is approximately RMB1.535 billion. The consideration price comprises the airframe price, accompanying engine price and accompanying accessories price.
A somewhat different order, because for biz jets, but no less interesting. VistaJet has ordered up to 142 Global Expresses! They placed an order for 25 Global 5000s, 25 Global 6000s and six Global 8000s, plus 86 options. [source]
Icelandair is going for a fleet renewal. They have ordered 12 B737MAX (-8 and -9) from Boeing. Press release on the Boeing site.
Another order that has not yet appeared on the Boeing site (so no link for the moment) is a very yummy one China Airlines has ordered 6 B777-300ER from Boeing.
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