Jet Airways to acquire 10 Dreamliners for over USD 1.5 bn
Jet Airways is likely to acquire 10 Boeing 787-8 series aircraft, better known as the Dreamliner. The listed price of the aeroplanes is more than USD 1.5 billion, reports Business Standard.
Jet Airways will be the first private carrier and the second domestic airline after national carrier Air-India to acquire the Dreamliner aircraft. Air-India is acquiring 27 Dreamliners.The delivery of the 10 aircrafts is scheduled for between Jul. 2011 and Dec. 2012, subject to government clearances. They will be used for Jet`s international operations.
Under the agreement, Jet Airways has the option to go in for other models of Boeing aircraft. According to Boeing data, the 787-8 Dreamliner can carry 210-250 passengers on routes of 8,000-8,500 nautical miles (14,800-15,700 km).
The Dreamliner is built to take on the A-380 (much bigger with 555 seats) and the A-350 (with 270 seats) from the Airbus stable. Kingfisher has already ordered five A-380 and five A-350 for its international operations.
Aiming at 50% revenue from its international operations in the next three years, Jet has already firmed up its plan for flights to New York from August, followed by those to San Francisco and Toronto. Jet will also launch direct daily flights from Delhi and Kolkata to Bangkok Jan. 23, 2007.
Jet Airways chief executive officer Wolfgang Prock-Schauer said, `A flight to San Francisco via Shanghai is likely to be introduced in Oct 2007. We will be able to fly to Gulf destinations by early 2008. We are also looking at South Africa and Kenya.? The airline will have 22 wide-bodied aircraft by 2008-09.
The shares of the company were last trading up Rs 4.50, or 0.71%, at Rs 640. A total of 5,988 shares have changed hands at the BSE. (Wednesday, 10.02 a.m).
Jet Airways will be the first private carrier and the second domestic airline after national carrier Air-India to acquire the Dreamliner aircraft. Air-India is acquiring 27 Dreamliners.The delivery of the 10 aircrafts is scheduled for between Jul. 2011 and Dec. 2012, subject to government clearances. They will be used for Jet`s international operations.
Under the agreement, Jet Airways has the option to go in for other models of Boeing aircraft. According to Boeing data, the 787-8 Dreamliner can carry 210-250 passengers on routes of 8,000-8,500 nautical miles (14,800-15,700 km).
The Dreamliner is built to take on the A-380 (much bigger with 555 seats) and the A-350 (with 270 seats) from the Airbus stable. Kingfisher has already ordered five A-380 and five A-350 for its international operations.
Aiming at 50% revenue from its international operations in the next three years, Jet has already firmed up its plan for flights to New York from August, followed by those to San Francisco and Toronto. Jet will also launch direct daily flights from Delhi and Kolkata to Bangkok Jan. 23, 2007.
Jet Airways chief executive officer Wolfgang Prock-Schauer said, `A flight to San Francisco via Shanghai is likely to be introduced in Oct 2007. We will be able to fly to Gulf destinations by early 2008. We are also looking at South Africa and Kenya.? The airline will have 22 wide-bodied aircraft by 2008-09.
The shares of the company were last trading up Rs 4.50, or 0.71%, at Rs 640. A total of 5,988 shares have changed hands at the BSE. (Wednesday, 10.02 a.m).
posted by SY at 4:48 PM
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