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Jet Airways Orders Ten from Boeing

Boeing today confirmed the completion of an order agreement with Mumbai-based Jet Airways for 10 777-300ERs. Jet Airways announced its intention to order the commercial airplanes, valued at $2.53 billion at list prices, at the Paris Air Show in June. Deliveries will begin in early 2007.
The 777-300ERs will be used to expand Jet Airways’ international operations in Europe, Asia and U.S. markets.

“It is important that Jet Airways take the necessary steps to ensure its leadership position in the fast-expanding Indian aviation market,” said Jet Airways Chairman Naresh Goyal. “I am confident that the operating efficiencies and passenger comfort of the Boeing 777 will help ensure the success and profitability of our growing route structure and play a pivotal role in our long-haul growth strategy.”

Approximately 24,000 passengers travel daily on more than 280 Jet Airways flights to 48 destinations that span the length and breadth of India and beyond, including Colombo, Sri Lanka; Kathmandu, Nepal; Singapore; Kuala Lumpur, Malaysia; and London Heathrow, U.K. Since its inception in May 1993 until end of August 2005, Jet Airways has flown over 53.5 million passengers.