– Airline Announces Order For Eight 777-300ERs

Everett, WA | January 23, 2012/PRNewswire/– Boeing (NYSE: BA) reached a major milestone with Saudi Arabian Airlines when it delivered the airline’s first two 777-300ERs (extended range), marking another step forward in Boeing’s historic and enduring relationship with the Kingdom of Saudi Arabia.

At the delivery ceremony, Saudi Arabian Airlines also announced an order for eight 777-300ERs valued at $2.4 billion at current list prices. This order was previously accounted for on Boeing’s Orders and Deliveries website in 2011.

“The new order reiterates our confidence in the 777 which has justifiably earned a reputation for its improved fuel efficiency, reliability and passenger comfort,” said H.E. Eng. Khaled Al-Mulhim, director general of Saudi Arabian Airlines. “With the ongoing growth of business and industry in Saudi Arabia, demand in domestic, regional and international travel is also increasing rapidly and the 777-300ER will play a significant role in our long-term strategy growth to expand and modernize our fleet with newer, more fuel-efficient airplanes.”

The partnership between Boeing and Saudi Arabia dates back to 1945 when President Franklin D. Roosevelt presented a DC-3 Dakota airplane to King Abdulaziz Al-Saud, the founder of the Kingdom. Saudi Arabian Airlines took delivery of its first 777, a 777-200ER, in December 1997 and currently owns and operates 23 Boeing 777-200ERs.

“We are grateful for the confidence Saudi Arabian Airlines has placed in the 777 and in Boeing,” said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. “We will continue working closely with the airline to provide the best commercial aircraft and services to support its plans for growth, and we look forward to strengthening our partnership with Saudi Arabia by supporting the Kingdom’s goals for technology development and education.”

The 777-300ER extends the 777 family’s span of capabilities, bringing twin-engine efficiency and reliability to the long-range market. The airplane carries passengers up to 7,930 nautical miles (14,685 km).The 777-300ER offers airlines additional flexibility in serving the nonstop routes that passengers demand. Boeing incorporated several performance enhancements for the 777-300ER, extending its range and payload capabilities. Excellent performance during flight testing, combined with engine efficiency improvements and design changes that reduce drag and airplane weight, contributed to the increased capability.

Fleet Growth With Maximum Efficiency

June 20, 2011 — Saudi Arabian Airlines, Saudi Arabia’s national airline, has placed a firm order for four additional A330-300 aircraft in addition to the eight ordered in July 2008, taking the total order for the type to 12.

Saudi Arabian Airlines placed its first order with Airbus in over 30 years in 2007 for 22 A320 Family aircraft and later placed an order for eight A330s. In 2009, Saudia upsized by converting 15 of the A320 orders into the larger A321. Airbus has so far delivered 17 aircraft (five A320s, four A321s and all eight A330s) from the order for 30 before today.

“We are reaping the benefits of operational efficiency and productivity with our new fleet of A330s, and our passengers love it too. The A330 is an important pillar upon which we are building our ambitious expansion plans by simultaneously meeting rising passenger demand and expectations,” said His Excellency Engineer Khalid Al Molhem, Director General of Saudi Arabian Airlines.

Including leased aircraft, and today’s four A330, in the years to come, Saudia’s Airbus fleet will grow to 62 aircraft.

“We embarked with Saudi Arabian Airlines on their ambitious fleet renewal plans three years ago, and we are delighted with the result. This follow on order from one of the Middle East’s longest established airlines is a fantastic endorsement of our products,” said John Leahy, Chief Operating Officer, Customers.

The Airbus A330 remains the most economic means of flying some 300 passengers on medium range routes in true long haul comfort. The A330 aircraft offers unbeatable economics, and is the world’s most fuel efficient and productive aircraft on the market.

With a true wide-body fuselage allowing very high comfort standards, the A330-300 is able to accommodate seat and class configurations to suit the diverse customer requirements. It has a range of up to 5,650 nm / 10,500 km with a full passenger load. Highly efficient and optimized for the medium – to extended range market, the A330-300 offers the best balance between range and cost. Orders for the A330 stand at more than 1100, including over 500 A330-300 aircraft.