This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boeing, Avianca Announce Order For Three 787 Dreamliners

PANAMA CITY, Nov. 15, 2012 /PRNewswire/ -- Boeing (NYSE: BA) and Avianca Airlines, Colombia's flagship airline, today announced an order for three 787 Dreamliners. The order was previously attributed to an unidentified customer on Boeing's Orders & Deliveries website and is valued at approximately $620 million at published list prices.

Today's order brings Avianca's total 787 order count to 15 Dreamliners, which includes the 12 787s ordered in 2007. The total order value stands at more than $3.1 billion.

"Adding more 787s to our order aligns well with our expansion and service improvement plans for the airline," said Fabio Villegas, CEO of Avianca Airlines. "The range and efficiency of the airplane make it a great fit into our overall fleet plans and interior of the airplane will bring a unique flying experience to our passengers that only Avianca can provide."

"Avianca is one of the region's leading airlines and we are happy we can play such a pivotal part of their future growth plans," said Van Rex Gallard, vice president of Sales for Latin America, Caribbean, & Africa, Boeing Commercial Airplanes. "The Latin American market continues to show signs of growth and prosperity. The 787's unmatched operating economics and passenger appeal will help Avianca continue to position itself as a preferred airline and grow its market share in the region."

Made primarily from composite materials, the Boeing 787 Dreamliner is the first mid-size airplane capable of flying long-range routes. As a result of innovative technologies, the airplane offers unparalleled operating economics, fuel efficiency and passenger comfort. The 787 Dreamliner has received more than 800 orders from 58 customers since the launch of the program.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,750.99 +120.72 0.68%
S&P 500 2,109.54 +16.29 0.78%
NASDAQ 5,116.5960 +27.39 0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs