From: "Stephen D. Todd" <email@example.com> Date: 20 Mar 1997 19:37:04 GMT Organization: Sympatico Followups: 1 2 3
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Well we knew it was going to be a big order... Thursday March 20 1:21 PM EDT, Delta Air Lines and The Boeing Company Agree On Exclusive 20-Year Fleet Acquisition Plan. The plan includes 106 firm aircraft orders through the year 2006 at a value of $6.7 billion (based on list price). The plan also includes 124 options and 414 rolling options for aircraft through 2018. Options are guaranteed delivery slots. Rolling options are a pool of aircraft delivery positions that replace options as the options expire or are exercised. This understanding includes firm base pricing on the firm, option and rolling option aircraft. Boeing will be the exclusive supplier of new aircraft for Delta through the 20-year life of this fleet acquisition plan, subject to specific conditions. Boeing Aircraft Summary Order Summary B737 B757 B767-300/ER B767-400 B777-200 Total Firm Aircraft 70 5 10 21 0 106 (1998- (1998- (1998- (2000- 2006) 1999) 1999) 2001) Options 60 20 10 24 10 124 Rolling Options 280 90 19 25 0 414 Total 410 115 39 70 10 644 Delta will be the launch customer for the 767-400. Delta expects the first deliveries of B767-400s in the year 2000. The plan anticipates: -- Completing the retirement of the L-1011 wide-body fleet and replacing them with B767-300ERs and B767-400s. -- Initiating retirement of the B727 fleet and beginning to replace them with B737-600s, 700s, or 800s. -- Simplifying the fleet by removing non-standard B737-300 aircraft and the MD-90 aircraft. No word on engine types as of yet. Mr. Allen said the fleet acquisition plan supports Delta's global strategy to: -- Build the company's U.S. hubs, strengthening Delta's leading position in the east and creating targeted growth in the west. -- Strengthen Delta's leading transatlantic position at (Helen's favourite!) JFK Airport in New York and across the North Atlantic. -- Exploit competitive opportunities through Delta Express and other new Delta products. -- Build a global network with Delta flying where profitable and possible or, when that's not possible, with alliance and code-share partners. -- Penetrate new markets in Asia and Latin America through Delta flying, or through alliance and code-share agreements with other airlines. -- Create distinctive customer service in all Delta markets. -- Hit corporate financial targets. Delta carries more passengers worldwide than any other airline. Delta, the Delta Shuttle, Delta Express, the Delta Connection carriers and Delta's Worldwide Partners operate more than 4,950 flights each day to 315 cities in 40 countries. SOURCE Delta Air Lines Best Regards, Steve. -- PS: I'm going to miss the L-1011's.