Boeing, AeroMexico Announce Order for Boeing 737-700s

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Boeing, AeroMexico Announce Order for Boeing 737-700s

 <http://www.boeing.com/>


    MEXICO CITY, March 5 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA
<http://alliance.marketwatch.com/custom/alliance/interactivechart.asp?sy
mb=BA&astyle=0,0,0,0,0,0,0,10,0,0&c=179&urlpull=&logourl=&post=0> ) and

AeroMexico today formally announced contracts that will provide Mexico's

largest airline 15 Boeing 737-700s with winglets.  The transactions will
help

significantly reduce the carrier's operating costs.

    "One of the principle reasons for this order is to add airplanes
with the

latest-generation technology to our fleet," said Arturo Barahona, chief

operating officer of AeroMexico.  "These new airplanes will make our

operations more flexible and improve our route coverage."

    By replacing its fleet of 15 DC-9s with 737-700s, AeroMexico will
reduce

the average age of its fleet from 15.9 years to 10.7 years.  The
operational

efficiencies and reduced maintenance needs of the Boeing 737 will help
lower

operational costs and improve profitability.  The 737 has the highest

reliability of any airplane in its class, which means fewer delays and
greater

satisfaction for passengers.

    In one of the contracts, a sale-leaseback arrangement with Boeing,

AeroMexico will lease six of the jets from Lombard Aviation Capital and
the

other five from International Lease Finance Corporation (ILFC).  This

arrangement will enable AeroMexico to operate the new airplanes at a
lower

annual cost.  The contract is accounted for on Boeing's orders Web site
for

2002 and was previously attributed to an unidentified customer.

    In the other contract, AeroMexico will take four additional 737-700s

directly from ILFC for a total of 15 737-700s valued at approximately

$500 million.

    Lombard Aviation Capital will deliver the first airplane in October,
with

remaining deliveries continuing through 2004.

    All 15 737-700s will be equipped with winglets -- 8-foot-high
wingtip

extensions -- that reduce fuel consumption up to 3.5 percent, increase
range

up to 450 nautical miles from hot, high-altitude airports such as Mexico
City,

and reduce engine maintenance costs.  The winglets also help operators
such as

AeroMexico meet stringent low-noise regulations by reducing takeoff
noise.

    "We're gratified AeroMexico has decided to remain an all
Boeing-operator,"

said John Wojick, Boeing Commercial Airplanes vice president of Sales
for

Latin America and the Caribbean.  "The new 737 is the most modern and

technologically advanced airplane in its class.  Its new fleet will help

AeroMexico remain an industry leader."

    The Next-Generation 737 family consists of one airplane in four
sizes

(737-600/-700/-800/-900) that spans the 100- to 200-seat market, as well
as a

convertible model that offers the flexibility to change to an
all-passenger or

all-cargo configuration.

    The 737 -- a short-to-medium-range airplane -- is based on a key
Boeing

philosophy of delivering added value to airlines with reliability,
simplicity

and reduced operating and maintenance costs.  Built in Renton, Wash., it
is

the newest, most technologically advanced airplane in its size category.
It

features an all-new modern flight deck using the latest liquid-crystal
display

technology, new fuel-efficient engines and all-new advanced wings.

    The Boeing 737 is the best selling single-aisle airplane in the
world.  To

learn more about the 737, visit
http://www.boeing.com/commercial/737family/.

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