Jet Airways Orders 10 Boeing 787s

January 2, 2007

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India's biggest domestic airline, Jet Airways, said on Tuesday it had purchased 10 Boeing 787-8 aircraft to support its international operations.

The wide-bodied 787s are scheduled for delivery between July 2011 and December 2012, Jet said.

Jet had executed the order for the aircraft "in late 2006," a senior company official said, in a deal valued at between USD$1.48 billion - USD$1.58 billion at current list price.

Jet flies to destinations in south and southeast Asia and Britain, and expects to fly to New York from August. It is also looking to add destinations in China, Europe and the Middle East.

It expects half its total revenue to come from international operations by March 2009.

Boeing has said it expects India would need 856 new jet aircraft worth more than USD$72 billion over the next 20 years because of a booming economy and greater travel.

(Reuters)