Abu Dhabi | December 18, 2014– Etihad Airways, the national airline of the UAE, has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi Arabia to provide financing for the purchase of a number of its Boeing 787-9 Dreamliner aircraft, the first of which was on show today at Abu Dhabi International Airport.

The financing from FGB and NCB is provided through Sharia-compliant facilities following a request for proposal issued in May this year, which saw high levels of interest from global banks and leasing companies.

FGB and NCB won the mandate for the financing based on very competitive pricing and terms against stiff international competition. Etihad Airways currently has 109 aircraft in its fleet and a further 97 Boeing aircraft on order, including 71 B787s.

James Rigney, Chief Financial Officer of Etihad Airways, said: “The deal with FGB and NCB provides financing that enables us to expand our fleet significantly and deliver an unrivalled product on the new Boeing 787, creating an unmatchable guest experience through our first-of-kind, re-modelled First, Business and Economy Class cabins.

“FGB has been a key financial partner over the years and we are pleased to take this partnership forward. We also welcome NCB on its first direct financing agreement with us as an important new partner and look forward to growing our relationship with them.”

Steven Perry, Head of Debt Markets and Syndications for FGB, said: “FGB has significantly enhanced its aviation financing knowledge and expertise, putting us on par with international investors in this competitive sphere. As one of the leading banks in the UAE, we are thrilled to be working with Etihad Airways to support the continued development of the UAE economy through growing our aviation sector together.”

Yasir AbuSulayman, Head of Structured Finance for NCB said: “NCB is a significant financier in the regional aviation market and is proud to be involved with Etihad Airways for this milestone finance deal. NCB looks forward to growing our relationship with Etihad Airways.”

The Boeing 787-9 will enter into service next year to operate flights between Abu Dhabi and Düsseldorf and between Abu Dhabi and Doha. The Boeing 787-9 will be introduced on six of the airline’s routes from February to June 2015, including Washington D.C., Mumbai, Brisbane and Moscow.

  • Net commercial orders for 2014 rise to 783

Farnborough, UK | July 17, 2014/PRNewswire/– Boeing (NYSE: BA) marked 40 years as an exhibitor at the Farnborough International Airshow this week by highlighting its innovative, efficient commercial airplanes and its advanced defense capabilities.

Boeing announced a new 200-seat 737 MAX 8 option that will give airlines up to 11 more seats of revenue. This latest addition to Boeing’s comprehensive product and services line-up will deliver 20 percent fuel-consumption savings compared to today’s Next-Generation 737.

Boeing also announced new details about the interior of the 777X
. The new model will build on the award-winning interior of today’s 777 and apply 787 Dreamliner cabin innovations: higher cabin humidity, windows more than 15 percent larger and a cabin that is 16 inches (40.6 cm) wider than the competition, allowing airlines a variety of economy class seat widths.

Boeing unveiled its new Maritime Surveillance Aircraft at Farnborough. The aircraft, based on a Bombardier Challenger 605 business jet, will provide customers with maritime and overland surveillance, anti-piracy, coastal security and search-and-rescue capabilities.

Boeing signed a memorandum of collaboration with Paramount Group to jointly develop defense and security opportunities in key international markets. Paramount Group is Africa’s largest privately owned defense and aerospace business.

Customers demonstrated their strong confidence in the family of Boeing commercial products, announcing orders and commitments for 201 Boeing airplanes valued at more than $40.2 billion at list prices. Additional orders announced this week will be posted today on Boeing’s Orders & Deliveries website, bringing the number of net orders for 2014 to 783.

“Over 40 years of exhibiting at Farnborough, Boeing has consistently demonstrated its commitment and drive to innovate and develop game-changing products, equipment and services across the commercial and defense sectors,” said Charlie Miller, vice president of International Communications. “Farnborough 2014 was filled with excitement and enthusiasm among our customers, partners and suppliers and strong endorsement of our product line with commercial orders that bring our tally this year to 783.”

Boeing products flying at the show include the new 787-9 Dreamliner, the P-8A Poseidon — a military derivative of the company’s Next-Generation 737-800 — and the multi-role F/A-18E/F Super Hornet strike fighter.

Two aircraft from the Boeing-Royal Aeronautical Society “Schools Build a Plane Challenge” will arrive at the show later today. This initiative provides young people in UK secondary schools with the opportunity to learn new skills by building an operational light aircraft from a kit. The two airplanes are scheduled to participate in the flying display on Friday and remain on static display for the public demonstration events.

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  • Leasing company adds Dreamliner to portfolio with six 787-9s
  • 737 MAX order book to increase to 20 airplanes

Farnborough | July 14, 2014/PRNewswire/– Boeing [NYSE: BA] and Avolon announced the leasing company’s commitment for six 787-9 Dreamliners and five additional 737 MAX 9 airplanes, valued at more than $2 billion at current list prices.

This commitment marks Avolon’s first order for the efficient 787 Dreamliner and will increase the lessor’s 737 MAX portfolio to 20 airplanes. When finalized, the order will be posted on the Boeing Orders & Deliveries website.

“Our investment strategy is focused on building a portfolio of young, modern and fuel-efficient commercial aircraft. This order for six Boeing 787-9 aircraft, when combined with our ongoing sale and leaseback investments in the 787 family, reflects our commitment to our customers to have a product offering built around the latest and most technically advanced aircraft available in the market,” said Domhnal Slattery, CEO of Avolon.

“We are also pleased to reconfirm our commitment to purchase five Boeing 737 MAX 9 aircraft. The 737 has proven itself a hugely popular aircraft with airlines, investors and financiers worldwide,” said Slattery. “Avolon was one of the first three lessors to order the 737 MAX when we announced our original commitment in July 2012 and we are delighted to increase that commitment now, reflecting our confidence in the asset and our customers’ need to operate the most technologically advanced and fuel-efficient aircraft.”

“We are thrilled that Avolon is committing to order the 787-9 Dreamliner and additional 737 MAXs,” said Boeing Commercial Airplanes president and CEO Ray Conner. “This addition to its portfolio reflects Avolon’s important role in the leasing industry and the market popularity of both the Dreamliner and 737 MAX.”

The Boeing 787-9 Dreamliner is the second member of the super-efficient 787 family. Both the 787-8 and 787-9 bring the economics of large jets to the middle of the market, with 20 percent less fuel use and 20 percent fewer emissions than similarly sized airplanes and passenger-pleasing features. At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther.

The 737 MAX has surpassed 2,000 orders from 42 customers worldwide, the most successful launch in Boeing history. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The largest in the 737 MAX family, the 737 MAX 9 offers the best fuel-efficiency per seat and will be 7 percent per trip less expensive to operate than its competitor, the A321neo.