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Wednesday, May 22, 2013

Boeing Confirms $1.6 Billion Order From Garuda Indonesia For 777s And 737s [June 25, 1996]

SEATTLE, June 25, 1996

Garuda Indonesia, the flagship carrier for Indonesia, today announced an order for 23 Boeing jetliners. The order is valued at approximately $1.6 billion, Boeing Commercial Airplane Group confirmed.

The order includes six long-range Boeing 777-200s and 17 regional/ domestic 737-300s and -500s. The airline also has reserved the right to acquire six 747-400 options. Deliveries of the 737s begin in 1997 and continue through 1999. Deliveries of the 777s begin in 2000 and continue through 2002.

There are three engine manufacturers who produce engines for the 777; however, Garuda has not yet made an engine selection for their newest widebody airplanes. The airline's 737s will be powered by the CFM- 56 engine series.

Ron Woodard, Boeing Commercial Airplane Group president said, "We are extremely proud to welcome Garuda Indonesia as the latest member of our 777 family of world-class customers, and to add them to the growing list of airlines operating all models of the current generation 737 family."

Garuda Indonesia's decision again confirms that the Boeing 777 is an excellent airplane for operations into and out of the Asia-Pacific region. The superiority of the 777 in terms of range, speed, interior flexibility and passenger comfort is highly valued by airline customers," Woodard added.

The president-director and chief executive officer of Garuda Indonesia, Mr. Soepandi said, "We are very pleased with the flexibility demonstrated by Boeing in working with us to restructure our previous purchase commitments to allow Garuda Indonesia the ability to meet the demands of a changing marketplace and to further modernize our fleet.

The 777 is a magnificent airplane incorporating the latest developments in technology and customer-pleasing features which will aid our international expansion into the next century. At the same time, the efficient 737 family will continue to be the backbone of our expanding regional and domestic route network," Soepandi said.

Garuda Indonesia is the tenth Asian airline to order the 777 and 21st customer globally to have placed a firm order. Today's announcement brings the total 777 orders to 274. Garuda currently operates 24 Boeing jetliners, including nine 747s and 15 737s. Garuda has been a Boeing customer for almost 20 years.


http://www.boeing.com/news/releases/1996/news.release.960625.html

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