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Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 5:25 am

In a separate release Tuesday, Boeing said it received an order for 20 next-generation 737-700 and five 757-300 airplanes from CIT Group Inc.'s (CIT) CIT Aerospace unit.

The order is estimated at more than $1.3 billion.

Boeing said CIT took options for five additional 757-300s.

CIT's new 757-300s will be delivered during spring 2003 and spring 2004, while the 737-700s will be delivered over three-years beginning March 2003.

CIT retains substitution rights on the 737-700s for other models including smaller 737-600 and larger 737-800 or 737-900.

757-300 has an all-new passenger cabin interior while 737-700 seats up to 149 passengers and can fly more than 3,200 nautical miles.

Boeing had 2000 revenue of about $51.32 billion.

CIT is a commerical finance company.

-Yun-Hee Kim; Dow Jones Newswires; 201-938-5388
Early Air
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RE: Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 5:48 am

Finally another sale for the 757-300. I sill think it's a flop. They need MUCH more sales to be considered a successful aircraft.

Early Air
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RE: Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 6:00 am

Give it some time to garner orders. Damn!
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RE: Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 7:42 am


What do you think... how many orders to call it "successful"? Just curious.

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RE: Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 8:59 am

It is nice to see the 753 getting more orders, but if I remember correctly Boeing didn't design the 753 to sell by the hundreds. They only expected the plane to sell for a certain niche(sp?) market. Also considering it is a derivitive of the 752 the development costs weren't high so boeing doesn't need to sell a bunch to be profitiable. Evern if the plane doesn't sell in the hundreds, as long as it makes boeing some money and helps to complete the boeing product family it is not a flop.
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RE: Boeing/Pact: For 20 737-700's, 5 757-300's

Wed Mar 07, 2001 9:07 am

Also, Air 2000 ordered 8 752s.

Boeing Gets Orders For 33 Planes

SEATTLE (AP) -- Boeing has received orders from two buyers for 33 airplanes worth a combined total of nearly $2 billion.

The aircraft manufacturer said Tuesday that leasing company CIT Aerospace has ordered 20 737-700s and five 757-300s, and European leisure airline Air 2000 has ordered eight 757-200s in separate deals.

The CIT order is worth about $1.3 billion based on list prices, and the Air 2000 order is valued at around $600 million.

CIT also took options for five additional 757-300s, the company said.

CIT Aerospace, a Toronto-based unit of CIT's Capital Finance group, leases aircraft to more than 90 customers worldwide, focusing on commercial airliners. It is the first leasing company to offer the 757-300.

''The 757-300s provides an important new option for both scheduled carriers and tour operators,'' CIT Aerospace president Jeff Knittel said.

The ''stretched'' 757-300 is a single-aisle twin-engine aircraft that can carry 243 passengers in a mixed-class configuration or 289 in the single class favored by tour operators. CIT will begin receiving the planes in 2003, the companies said.

Air 2000 and Boeing announced the eight-plane deal at ITB Berlin, one of Europe's largest travel trade fairs. The Seattle aircraft maker is attending the conference for the first time as it focuses on the European leisure travel market.

Speaking at ITB, Air 2000 managing director Ken Smith said the company choose to add more 757s because ''in the highly competitive short-haul leisure travel market, it has the best economics and at the same time is able to deliver the performance needs of our medium-haul requirements.''

The 757-200, designed for medium- to long-range trips, seats 194 passengers in a typical mixed-class configuration, or 239 in one class. Air 2000, based in the United Kingdom, already operates 16 Boeing 757-200s and three 767-300ER extended-range aircraft. The new airplanes are expected to be delivered beginning in spring 2003 through 2005.

The 737-700 is a mid-sized version of Boeing's workhorse twinjet. It seats 126 in two classes or 149 in a single class.

AP-NY-03-06-01 1422EST< 

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