| You are in: Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monday, 22 July, 2002, 15:42 GMT 16:42 UK KLM orders Airbus and Boeings ![]() KLM has not revealed the price it paid Dutch carrier KLM has placed orders for eight aircraft, marking a subdued start to the Farnborough Air Show. The airline signed a letter of intent to buy six Airbus A330-200 aircraft, with options for a further 18, and also put its name down for two Boeing 777-200ERs. The deals, worth about $700m each for Airbus and Boeing at the planes' list price, marks a subdued start to the air show after orders worth $52bn at the last show two years ago. The orders showdown between rivals Boeing and Airbus was once a regular feature at air shows but demand from airlines has been reduced to a trickle because of the global economic slowdown and the 11 September attacks. Cheap seats? KLM said in March it was negotiating to buy an unspecified number of Airbus A330-200s to replace 10 Boeing MD-11s and 12 767-300ERs. Delivery of the Airbus planes is expected some time early in 2005. "This addition brings the total acquisition to 13 wide-body airplanes, 10 new 777-200ER jetliners and three 747-400ER freighters. The two new airplanes bringing the total estimated value of the acquisition to $2.3 billion," Boeing said in a statement. A KLM spokesman said the stated value of the deal was the list price "but no-one pays the list price" but declined to say how much the airline was really paying. |
Top Business stories now: Links to more Business stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Business stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |