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May 21, 2007
Boeing Business Jets Sales Momentum Continues with Seven
New Orders
GENEVA, May 21, 2007 -- Boeing [NYSE: BA]
Business Jets today announced it has won seven new
orders this year, bringing total program sales to 135
jets. The new orders are worth $478.5 million at
list prices.
The new orders are for six BBJs,
high-performance derivatives of the commercially popular Next-Generation 737-700, and
one 787-9 VIP jet. The 787 VIP jet is
based on the most successfully launched commercial airplane, the
787 Dreamliner.
"After winning 23 orders for our luxury
jets last year, we continue to see incredible demand.
Boeing Business Jets could be poised for another phenomenal
year," said Steven Hill, president of Boeing Business Jets,
during a press briefing on the eve of the
European Business Aviation Convention & Exhibition (EBACE) in Geneva,
Switzerland. "In the time since EBACE 2006, Boeing Business
Jets has won 27 new orders including 12 BBJs,
two BBJ 2s, three BBJ 3s, four 747-8 VIPs
and six 787 VIPs. The total doesn't count the
two 787s that were purchased by VIP customers directly
from leasing companies."
A Boeing Business Jet is on
static display at EBACE May 22 through 24 outside
Palexpo, the exhibition and conference center located on the
perimeter of Geneva International Airport.
To date, program sales
include 107 BBJs, 15 BBJ 2s, three BBJ 3s,
four 747-8 VIPs and six 787 VIPs.
Private individuals
comprise the majority of the Boeing Business Jets customer
base at 44 percent, followed closely by government heads
of state at 36 percent. The remaining customer segments
are divided evenly between corporate and charter operators.
Boeing
Business Jets was launched in 1996 and includes a
joint venture agreement between Boeing and General Electric to
provide a long-range business jet based on the Next-Generation
737. Boeing manages day-to-day operations, manufactures the airplane, and
is responsible for sales and marketing activities with support
from General Electric. Since the program's inception, 104 BBJs
have been delivered. Ninety BBJs are fully completed and
in service, which means 14 are in some stage
of interior completion.
The BBJ worldwide fleet has generated
more than 241,500 flight hours to date and 93,600
flights. The jet has an industry-leading reliability rate of
99.9 percent.
Late last year, Boeing Business Jets launched
VIP versions of the new commercial jetliners, the 787
Dreamliner and the 747-8 Intercontinental. Nearly 300 Boeing airplanes
are in service in the VIP and business jet
market.
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