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Boeing Delivers British Airways' First 787 Dreamliner

Stocks in this article: BA

LONDON, June 27, 2013 /PRNewswire/ -- Boeing (NYSE: BA) and British Airways announced the delivery today of the UK carrier's first Boeing 787 Dreamliner.

The British Airways 787 departed Paine Field in Everett, Wash., on Wednesday, June 26, arriving at London's Heathrow Airport today at 12:10 pm local time. The airplane was welcomed to its Heathrow home by Willie Walsh, chief executive officer of International Airlines Group (IAG), the company that owns British Airways.

"The 787 is a tremendous, innovative aircraft which sets new standards for environmental performance and operating efficiency and I'm sure British Airways' customers will love it," said Walsh. "The 787 will become a mainstay of the British Airways fleet over the next few years."

British Airways has announced that the airline will operate the 787 from Heathrow to Toronto from Sept. 1 and Heathrow to Newark from Oct. 1.

"The delivery of the first of BA's 787s is an exciting milestone for Boeing and British Airways," said Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes.  "The 787 is the most technologically advanced and fuel-efficient commercial jetliner in its class. Its improved lighting, bigger windows, larger overhead bins, lower cabin altitude and cleaner cabin air will offer BA's passengers an unparalleled flying experience."

The 787 Dreamliner is composed of lightweight composites and features numerous systems, engine and aerodynamic advancements, with unmatched fuel efficiency using 20 percent less fuel than today's similarly sized airplanes.  It is the first mid-sized airplane capable of flying long-range routes, providing airlines with unprecedented fuel economy and low operating costs and enabling airlines to open new, non-stop routes preferred by passengers. On a 787 with Rolls-Royce engines, UK companies make about 25 percent of the 787 by value.

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