04:00 17Nov2000 UPDATE 1-JAL <9201.T> swoops for 10 Boeing planes
(Updates with details throughout)
TOKYO, Nov 17 (Reuters) - Japan Airlines Co Ltd (JAL) said on Friday it would buy 10 Boeing
Japan's largest airline said it plans to replace its 10 MD-11 models with two 767-300ERs and eight 777-200ER planes between 2002 and 2004.
The 777-200ER has greater seat capacity and can fly non-stop from Tokyo to the East Coast of the United States or to Europe. Operating costs are similar to the MD-11.
The Boeing 767-300ER will fly medium- and short-range international routes. Its operation costs are lower than the MD-11 due to higher fuel efficiency.
The new aircraft offer up to 400 seats compared with up to 300 in the old model.
Extra capacity and lower fuel costs would generate the cost savings, it said.
JAL's shares received a 1.64 percent lift to 496 yen by 0350 GMT on the Tokyo Stock Exchange, while the benchmark Nikkei stocks average slipped 0.33 percent. The news had little impact on the airline's share price.
((Tokyo Equities Desk +81-3 3432 9404
($1=108.79 Yen) [NEWSYEAR 2000]