Trvlr
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Delta Orders 22 More 767s

Thu Aug 24, 2000 4:05 am

ATLANTA -(Dow Jones)- Delta Air Lines Inc. will receive the first of Boeing Co.'s new generation of 767 jets and has placed a firm order for another 21 of the aircraft in a deal valued at $2.4 billion, based on current list prices.

Delta (DAL) said the order, which includes an option for an additional 40 of Boeing's 767-400ER aircraft, supports its plan to retire the last of its L-1011 planes from Lockheed Martin Corp. (LMT) by August 2001. The airline is also seeking to simplify and modernize its fleet mix.

Delta said its first Boeing 767-400ER is scheduled to begin service on Oct. 1, and that it expects to receive 12 Boeing aircraft by the end of the year.

In 1997, Delta agreed to make Boeing its exclusive plane supplier for 20 years. Under that deal, Delta agreed to purchase 106 aircraft from Boeing for $6.7 billion with an option to buy 124 more for $15 billion. At the time, analysts estimated the total value of the deal could reach more than $30 billion, including rolling options for 414 additional aircraft.

A Delta spokeswoman said Wednesday the airline's latest Boeing order is part of the 1997 agreement.

"We are pleased to offer our passengers the newest aircraft on the market," Malcolm B. Armstrong, Delta's executive vice president, operations, said in a written statement. "This aircraft has the capacity and range we need in core markets."

Mr. Armstrong noted that the 767-400ER's similarity to Boeing's 767 and 757 aircraft will result in reduced training, operation and maintenance costs. Current 767 flight crews will need just five days of additional training to fly the 767-400ER, Delta said.

Aaron G.
 
Trvlr
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RE: Delta Orders 22 More 767s

Thu Aug 24, 2000 4:06 am

It is assumed that the 767s will be 767-400s, even though the report did not specify which type.

Aaron G.
 
JumboClassic
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RE: Delta Orders 22 More 767s

Thu Aug 24, 2000 4:25 am

This is not a new order, but the one from 1997 we all know about. Delta's web-site mentions this order with regard to the first 764 they will receive these days. Here is the quote:

"ATLANTA, Aug. 23, 2000 -- Delta Air Lines will take delivery of the first Boeing 767-400ER, the newest generation of the popular 767 series, in Seattle on August 29. As launch customer for the new airplane, the carrier has placed a firm order for 21 aircraft with another 40 on option in a deal worth $2.4 billion based on the list price."

As you can see this piece is a bit different from the one you've posted. Namely, it says that this, in fact, is the launch order for 21 aircraft. So don't hold your breath for a new 767-400 order.

 
Trvlr
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Posts: 4251
Joined: Thu Feb 17, 2000 9:58 am

RE: Delta Orders 22 More 767s

Thu Aug 24, 2000 5:14 am

The headline that I saw was "Delta Orders 22 of Boeing's New 767 Jets in $2.4 Billion Deal", on Excite.com, so it may have been a typo.

Aaron G.

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