The Boeing & UTair Announces To Buy 40 737s

Today the Boeing Company (NYSE:BA) along with UTair Aviation, Russia announced an agreement at the Paris Air Show for the acquisition of 40 Next-Generation Boeing 737 airplanes, comprised of seven 737-900ERs and 33 737-800s.

UTair is known to rank among the largest Boeing operators in Russia with a fleet of over 30 Boeing airplanes. In 2011, UTair has become the first operator in Russia and Eastern Europe which has flied new Boeing 737-800s with the improved Boeing Sky Interior. It is said that towards the close of this year, UTair will raise the number of its Boeing 737-800 fleet to nine airplanes.

Andrey Martirosov, UTair CEO informed that their decision to further expand their Next-Generation Boeing 737 fleet is based on its high efficiency, as these airplanes meet the present commercial needs of the airline by their value-for-money and availability of early delivery positions.

Further Marty Bentrott, vice president of Sales forRussia, Central Asia and Middle East, Boeing Commercial Airplanes added that UTair’s choice of the Next-Generation 737 reflects its confidence in the Boeing single-aisle product family, which features incredible economics and operational capability. He also mentioned that they are very proud of their relationship with the new Next-Generation 737 operator.

With the help of Boeing’s 737 Next-Generation airplanes, UTair will be capable to deliver an unmatched level of service for passengers and strikingly reduce operating costs, fuel costs and environmental impact.

Boeing seeks to finalize the agreement with UTair.

The Boeing Company is an aerospace company. It is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services.

At 12:04PM EDT on Wednesday the shares of the Company trades at $72.96 with a fall of 1.38%. It ranged at $72.79 – $73.66 as of now during the day. Over the period of one year it has ranged at $59.48 – $80.65. The market cap of the company totaled to 53.84 billion with price earnings of 16.09.


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