Boeing Receives Follow-on Order for 787 From PrivatAir

Switzerland-based business aviation group expands 787 VIP order

Jan 17, 2008, 00:00 ET from Boeing

    SEATTLE, Jan. 17 /PRNewswire-FirstCall/ -- Boeing (NYSE:   BA) and
 Geneva-based PrivatAir today announced an order for one Boeing 787-8 VIP
 airplane, a purchase-right exercise from PrivatAir's initial 787 order in
 2006. Today's order is valued at $162 million. Through this agreement,
 PrivatAir has two 787s on order and has secured an additional purchase
     "The ever-increasing demand from charter customers for long-range,
 large-cabin aircraft shows no sign of abating, and PrivatAir is
 strategically placed to provide its customers with the widest range of
 travel options," said Greg Thomas, CEO of PrivatAir. "This latest order
 will further expand the capabilities of PrivatAir's fleet, enabling our
 passengers to travel further, faster and in greater comfort."
     Since launching the 787 program in 2004, Boeing has secured 841 orders
 from 55 customers, including a record-breaking 369 orders in 2007.
     "PrivatAir clearly recognizes the outstanding potential of the 787 VIP
 jet for business and private jet operations, both from an economic
 viewpoint as well as passenger luxuries," said Marlin Dailey, vice
 president of Sales, Europe, Russia & Central Asia, Boeing Commercial
 Airplanes. "The 787 VIP airplane provides PrivatAir the opportunity to
 raise the bar even higher."
     PrivatAir is a leading international business aviation group with
 headquarters in Geneva; operating bases in D�sseldorf, Hamburg and Munich,
 Germany; in Zurich, Switzerland; and through its U.S. subsidiary PrivatAir
 Inc. The company employs 540 people and manages a fleet of some 50 aircraft
 with a turnover exceeding $200 million.