El Al in talks to buy, lease 15 Boeing Dreamliners for $800-900 mln

By REUTERS
August 5, 2015 22:31

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

El Al Israel Airlines said on Wednesday it was opening talks with Boeing to buy and lease up to 15 new Dreamliner aircraft over the next five years in a deal that could be worth $800-$900 million, its biggest-ever plane order.

The airline said delivery of the new fuel-efficient 787-8 and 787-9 Dreamliner aircraft would begin in the first half of 2017 through 2020. The planes will replace a fleet of aging 747-400 and 767 aircraft and will operate on medium- and long-haul routes, including lucrative North American and Asian destinations.

"El Al's board today authorized the company to hold talks with Boeing over the acquisition of wide-body Dreamliner aircraft for the purchase and lease of 15 planes in the next five years," chief executive David Maimon said in a statement.

El Al said it expects the talks to be completed in the next few weeks and the final price would depend on how many planes it ends up buying.

In addition to the $800-$900 million order, El Al, which has been active in buying short-haul 737-900 aircraft, has an option to acquire 13 other aircraft from Boeing but it did not elaborate.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 18, 2018
Report: Police to announce findings in case 4000 regardless of elections

By JERUSALEM POST STAFF