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Article: BOEING LOSES HISTORIC BRITISH AIRWAYS DEAL, BUT NEWS ISN'T ALL BAD.(News)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- August 25, 1998
- Author:
CopyrightCOPYRIGHT 1998 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In what is seen in Europe as a history-making deal that will be trumpeted at a news conference today by British Prime Minister Tony Blair, British Airways has decided to buy 59 narrow-body planes from Boeing rival Airbus Industrie, with options for as many as 129 more planes.
But Europe's largest airline also will buy 16 of Boeing's 777 wide-body jets, with options for 16 more. And British Airways is expected to say it remains committed to buying Boeing's wide-body jets for its long-haul fleet for at least the next decade, people familiar with today's announcement said.
With options, the Boeing order is potentially worth more than $5 billion.
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