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Additional Boeing 777 for Austrian Airlines (Oct 7)

SEATTLE, Oct. 6, 2005 -- Austrian Airlines has signed an order for the purchase of one Boeing 777-200ER, taking a significant step toward simplifying the operations and reducing the maintenance costs of its long-haul fleet.

Austrian Airlines already operates three 777s on routes to Melbourne via Singapore and Sydney via Kuala Lumpur. Its fourth 777 will be used primarily for flights to the U.S. and Asia.

The airplane is valued at $181 million at list prices and is currently scheduled for delivery in late 2006. The agreement includes the cancellation of a previous order by Austrian Airlines for a 737.

"The 777 has proven to be a most economical and reliable aircraft and one that is well liked by our passengers," said Austrian Airlines Chief Financial Officer Thomas Kleibl. "Standardizing with the 777-200ER will deliver immediate economic and operational benefits and help keep our fleet amongst the youngest in the world."

The twin-engine 777 is the most fuel efficient airplane in its category, a key element in its leading economic performance, and it releases fewer emissions into the environment than its four-engined competitor.

"The 777 is an extremely valuable tool for Austrian Airlines, said Marlin Dailey, vice president of Sales for Europe and Central Asia, Boeing Commercial Airplanes. "Austrian Airlines' base in Vienna has long served as the gateway to Asia for Central and Eastern European travelers. The 777 will allow Austrian Airlines to continue to fortify its position in the market with better efficiency, reliability and operating economics."

The Boeing 777 is the world's best-selling commercial jetliner in the 300-seat to 365-seat market, logging more than 700 orders. The 777 has one of the most spacious passenger cabins ever developed, offering superior comfort. Many of the 777's advances in passenger appeal are being advanced further for Boeing's newest airplane, the 787 Dreamliner.

Austrian Airlines' 777s are powered by General Electric GE90-series engines.

Austrian Airlines Signs Contract for Additional Boeing 777-200ER