skip to main content
|

Financial News

Wednesday October 28, 05:40 PM
Azerbaijan Airlines orders four Boeing jets

Photo
Click to enlarge photo

BAKU (AFP) - Ex-Soviet Azerbaijan's flagship carrier AZAL said Wednesday it had ordered four new Boeing (NYSE: BA - news) airplanes for its growing fleet, including two of the US company's 787 Dreamliner long-haul jets.

"Two Boeing 767s will be delivered to Azerbaijan in 2011-12. The date for the arrival of the two more Boeing 787s is not yet known," Azerbaijan Airlines spokesman Maharram Safarli told AFP.

He refused to disclose any financial conditions of the deal.

"These airplanes have proven their quality internationally. Most importantly, Boeing's conditions are more acceptable to us," he said.

AZAL has expanded in recent years amid a major economic boom in energy-rich Azerbaijan. The company's last big purchase was of four Airbus A-319 passenger airliners in 2005.

Boeing launched the Dreamliner program in April 2004 and the highly anticipated long-haul aircraft is seen as key to the US aerospace giant's future. But the project has been plagued by repeated delays, with Boeing announcing the fifth postponement earlier this year.

Boeing is facing stiff competition in the aviation market from Airbus (Paris: NL0000235190 - news) , a unit of the European Aeronautic Defence and Space Company.

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : GM board opts to keep Opel: sources ( Reuters)
  Next article : Turkey's TAV launches airport in Tunisia ( )
Yahoo! Finance : Yahoo! Finance - News - Commentary
  Previous article : US regional banks grow on the cheap amid crisis ( )
  Next article : Samsung Scores with Newest TV Tech [at BusinessWeek Online] ( BusinessWeek Online)
Full Coverage : Headline News
Yahoo! Finance : Yahoo! Finance - Aerospace and Defense Sector
  Previous article : Boeing picks S.Carolina from new Dreamliner plant ( )
  Next article : Medvedev unhappy with quality of Russian weapons ( )

AFP logo

Boeing
BA
52.63
+0.00%
Eads
NL0000235190
n/a
n/a
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble The day is near, so beware you Sinners
Speach bubble BTL Lending Profits
Speach bubble Oct Mortgages Flat
Speach bubble Lobbying
Speach bubble Pensions - Why Bother?


Archives of

Copyright © 2009 AFP AFP. All rights reserved.