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El Al Israel Airlines Orders Boeing 777 Passenger Jets
POSTED: 5:40 am PDT May 12,
2008
UPDATED: 7:19 am PDT May 12,
2008
SEATTLE -- The Boeing Co. has announced the completion of an order by El Al Israel Airlines for four 777-200ERs.The extended-range passenger jets are worth $850 million at list prices, although customers typically negotiate discounts.Besides the orders that were announced Monday, El Al has taken options for two other 777s and has the right to convert the orders to 777-300ERs, a larger version of the plane.The Israeli carrier's fleet currently includes four 777s.With the latest deal, Boeing has a backlog of more than 360 777s on order.
Copyright 2008 by KIROTV.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
