El Al orders for 4 Boeing 777-200ER jets valued at $850 million

The Boeing Co. has announced a firm order from El Al Israel Airlines for four 777-200ERs. The extended-range passenger jets are worth $850 million (€551 million) at list prices, although customers typically negotiate discounts. Besides the orders that were announced Monday, El Al has taken options for two other 777s and has the right to convert the orders to 777-300ERs, a larger version of the plane. The Israeli carrier's fleet currently includes four 777s.