Russia's Rostechnology orders 50 Next-Generation 737s from Boeing

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Russia's Rostechnology orders 50 Next-Generation 737s from Boeing

2010-10-30 00:46:04 GMT+7 (ICT)

MOSCOW, RUSSIA (BNO NEWS) -- The State Corporation Rostechnology on Friday announced that it finalized an order for 50 Next-Generation 737s from Boeing valued at $3.7 billion at average list prices.

The order includes purchase rights for an additional 35 Next-Generation 737s. Rostechnology's Supervisory Board approved the definitive agreement that was signed and announced on September 17 during the Sochi Investment Forum in Russia.

"The order of Next-Generation 737s by Rostechnology represents a substantial investment in our future and will accelerate the significant progress we are making in improving the global competitiveness and efficiency of our airline industry," said Roman Pakhomov, chief executive officer of Aviation Capital Services, aviation leasing division of Rostechnology.

The Russian state firm planned to provide Russian airlines with efficient and reliable airplanes that will help them profitably grow domestic and international operations. Rostechnology chose Boeing's 737s due to the economic benefits, comfort and operating efficiencies consistently demonstrated by the aircraft.

The State Corporation Rostechnology ordered fifteen Next-Generation 737-700s, twenty-five 737-800s and ten 737-900ERs (extended range). All the aircrafts will be delivered with the all-new 737 Boeing Sky Interior that according to Boeing will redefine the 737 travel experience.

"Today's order for 737s underscores Rostechnology's confidence in the world's most successful single-aisle airplane. The entire Next-Generation 737 family offers superior operating economics and the 737-900ER has the best seat mile cost of any single-aisle airplane and provides our Next-Generation 737 customers with a compelling low-risk growth opportunity," said Marlin Dailey, Boeing's vice president of Sales.

Over the last 20 years, Boeing's joint programs in Russia have resulted in almost $6 billion in successful ventures with Russian partners making Boeing the largest international aerospace in investor in Russia.

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