Jordan's state airline will finalise a deal soon to buy eight Boeing 787 planes in a fleet modernisation plan aiming to make it the top regional carrier in the Middle East, the airline's CEO said.
Royal Jordanian (RJ) president and chief executive Officer Samer al Majali said the airline was in final negotiations with Boeing to part purchase and lease at least eight new 787-8 DreamLiner planes for delivery at the start of 2010.
The deal will be worth around $1 billion.
'We have already finalised the contract with the leasing companies and with Boeing it will be within the next month or two,' Majali said ahead of leaving to Tokyo for a meeting of Oneworld, where RJ will become the first Arab firm to join the alliance of major airlines.
The decision to introduce the 787, whose first test flight is planned for this summer, was part of a modernisation plan to expand its fleet to 35 aircraft from 24 by 2010.
'We are in the process of finalising the agreement with Boeing. At the moment we have approval to go for eight but the fleet may be expanded in the future,' Majali said.
Majali said a high credit rating for RJ, which aims this year to be the first regional national carrier to be privatised, would allow it to secure attractive financing for the deal.
Half of the eight Boeing 787 planes would be purchased and the rest leased, he added.
Finish article @
Gulf Daily News
I'm crossing my fingers until it's confirmed on Boeing's website.
[Edited 2007-03-01 14:54:38]