View Full Version : Australia's Virgin Blue Orders Five Boeing 737

21st Nov 2003, 10:40

Australia's Virgin Blue Orders Five Boeing 737 Airplanes

Nov. 20 (Bloomberg) -- Virgin Blue Holdings Ltd., Australia's second-biggest airline, ordered five more Boeing 737 aircraft in the airline's bid to take market share from bigger competitor Qantas Airways Ltd.

Chicago-based Boeing disclosed the order on its Web site. It's worth about $200 million, based on the low-end of Boeing's catalog prices that don't include discounts often offered to customers.

Virgin Blue had as of last week purchase rights to buy 50 aircraft for the next decade and has captured 30 percent of Australia's air-travel market in three years. Boeing has 212 orders this year, down from 220 through November last year. The total includes 30 orders from Chinese airlines last week.

Boeing's shares fell 16 cents to $39.24 at 3:15 p.m. in New York Stock Exchange composite trading. They had risen 25 percent over the past year.


21st Nov 2003, 12:14
Anyone know if these are in addition to the 5 options that have already been converted?

Sperm Bank
21st Nov 2003, 12:39
Not sure Griv. We have 40 and they want 45 in the air by the end of March next year. I believe they still have options for another 50 new a/c but some of those will replace the existing a/c on lease.