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June 17, 1997

Boeing Announces Another $453 Million

Paris (June 17, 1997) -- Aerospace journalists at an international air show are like seagulls at a picnic. They're all waiting for the big pieces to fall.

Unfortunately, this year's Paris Air Show has left the gulls all still a bit hungry, American Eagle order not withstanding.

Today's announcements of $453 million in airplane orders from Boeing did nothing to allay the waiting and wondering process.

Boeing announced an agreement with little-known Sunrock Aircraft Corporation, an operating leasing arm of the Nissho Iwai Corporation of Japan, for seven Boeing 737 airplanes. Five of these include Boeing's Next-Generation 737-300s. An order for 13 more airplanes is currently under negotiation.

The Dublin-based operating lessor's order is estimated at $250 million.

In addition to Sunrock, Boeing said the newly-formed Swiss World Airways has accepted a proposal to purchase two Boeing 767-300ERs valued at $203 million.

Swiss World is the airline announced several months ago in AeroWorldNet that will fly nonstop routes from Geneva to North America and Canada.

The airline, which will start operations later this year with a fleet of leased airplanes, will take delivery of the big, extended-range twinjets in the fourth quarter of 1998.

"The comfort, low costs, flexibility and proven track record of the 767 across the North Atlantic make it the ideal airplane for us as we work to distinguish ourselves in the market," said Pierre a Porta, chief executive of Swiss World. "The airplane's record, particularly on North Atlantic runs, is unmatched.

In Swiss World Airways' configuration, the 767-300ER will seat 210 passengers in three classes.

For its part, Airbus talked about DHL leasing 3 converted A300 freighters. Not big news, not any news really for Airbus.

And so the gulls wait, and watch. Perhaps tomorrow a really big morsel will fall. Maybe Northwest Airlines. Maybe not.


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