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Monday November 11, 2019

updated - November 11, 2019 Monday EST

Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives 787-10 Dreamliner a Boost

Oct 16, 2015 05:13 AM EDT | By Jean-Claude Arnobit
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Boeing Co., Boeing 787 Dreamliner, EVA Airlines
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Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives its 787-10 Dreamliner a Boost
(Photo : Stephen Brashear | Getty Images News)

Boeing announced in a press release that EVA Airways, a Taiwan airline company, is intending to purchase 24 787-10 Dreamliner airplanes and two additional 777-300ER jetliners, a value that totals $8 billion at current list prices.

The announcement is a big boost to the airplane manufacturer's 787-10 Dreamliner jets.

Ray Conner, the president and CEO of Boeing Commercial Airplanes, said in the press release that the company always considers EVA Airways a valuable customer.

"We look forward to welcoming EVA Airways as Boeing's newest member of the 787-10 Dreamliner launch customer group," he said. "EVA Airways has been a valued Boeing customer over the past few decades and we are honored that they continue to introduce new Boeing widebody airplanes into their growing world-class fleet."

The Seattle Times adds that the transaction highlights the interest of customers in Boeing's 787-10 Dreamliner jet.

The new model has experienced a lull in orders following the initial flurry it experienced.

Richard Aboulafia, an aerospace analyst at Teal Group, told The Seattle Times that the purchase provides the 787-10 Dreamliner jet a big boost.

"There are people who had doubts," he said. "It's good to have an endorsement."

Aboulafia also told Seattle Times that the new deal shows that the twin-aisle jet market is not yet saturated.

The Seattle Times adds that Boeing is counting on the 787-10 Dreamliner to help it reach profitability with the 787 program.

The program already experienced setbacks when it launched more than three years late in 2011.

The Seattle Times adds that Boeing's 787-10 Dreamliner retails for $306.1 million, before discounts.

Boeing adds in the press release that the transaction shows EVA Airway's continues effort to modernize its fleet and replace aging ones.

The new airplanes will allow the airline to expand into new markets, particularly in Southeast Asia, Oceania, and North America.

Boeing adds in the press release that once the deal is finalized, it will be posted on the Boeing Orders and Deliveries website.

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