Air Europa signs contract for 18 Boeing Next-Generation 737s

Spanish airline, Air Europa, has finalized an agreement for the acquisition of 18 Boeing Next-Generation 737-800s. Air Europa first announced its intention to order the airplanes, plus purchase rights for an additional 16, last month at the Paris Air Show.

The order is valued at approximately $1.2 billion at list prices. Deliveries begin in 2007, with three new airplanes to be delivered annually.

Air Europa, headquartered in Palma de Mallorca, Spain, will use the additional 737s for renewal and growth of its short-to-medium-range fleet.

"Our new 737-800s will allow Air Europa to remain with one of the most modern and most technologically advanced fleets for short- and medium-range routes," said Juan Jose Hidalgo, president, Globalia Corporacion, of which Air Europa is a subsidiary. "All indications point towards continued growth for our airline. The 737-800 will be a tremendous asset as we grow our business with a steady eye towards profitability."

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