Arik is also investing in new widebody aircraft. In January Arik signed a contract with Boeing for three 787s, two 777-200ERs and two 777-200LRs. The order will be formally announced later this week in Seattle in conjunction with the delivery of its first two 737-700s.
McTighe says the 787s will be used primarily for London, the 777-200ERs for a Houston service and the 777-200LRs for a possible Los Angeles service. All four 777s are now slated for delivery in 2011, with the 787s to follow in 2014.
McTighe says Arik also seeks to launch flights to Houston before the end of this year using a wet-leased A340-500 and flights to the Middle East and South Africa in 2008 with a second wet-leased A330-200.
I fear a bit that they are over-expanding at this point (more about their fleet plans in the article) and tend to invest a bit too much into new frames 4-7 years away from delivery at a time when they should be focussing more on getting their operation working in full swing.