Air France to buy four long-haul Boeings

17th February 2005, Comments 0 comments

PARIS, Feb 16 (AFP) - Air France has exercised an option to buy four Boeing long-haul 777-300s, with a combined catalogue price of USD 872-982 million (EUR 669.0-753.4 million), the French airline told AFP Wednesday.

PARIS, Feb 16 (AFP) - Air France has exercised an option to buy four Boeing long-haul 777-300s, with a combined catalogue price of USD 872-982 million (EUR 669.0-753.4 million), the French airline told AFP Wednesday.

"The Air France executive board decided this morning ... to invest in seven new aircraft, seven 777-300s, specially ordered to be deployed in the Caribbean and in Reunion," Patrick Alexandre, Air France deputy director general, said at a news conference.

Of the seven aircraft mentioned by Alexandre, only four represent new purchases, under the form of options taken on an order announced on October 4, 2000 that included 10 firm orders and 10 options, an Air France spokeswoman told AFP.

"It's a matter of taking up four options," she said.

The three other aircraft represent previous purchases that would be deployed in the French overseas territories.

The catalogue price of the 777-300 ranges between USD 218-245.5 million (EUR 167-188 million), according to Boeing's website.

Alexandre said the decision on the seven aircraft would be approved later Wednesday by the Air France-KLM executive board.

"I can announce to you that the first two of these aircraft will be put into service in April 2006," he told reporters.

The executive board of Air France-KLM, which is to publish Thursday the company's financial results for the third quarter of its 2004-2005 business year, met late Wednesday afternoon.

© AFP

Subject: French News

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