TUI Group's Hapag-Lloyd Flug Orders 10 Boeing 737-800s

Boeing and European carrier Hapag-Lloyd Flug have finalized an order for 10 Boeing Next-Generation 737 passenger airplanes.

"We are taking advantage of the favorable exchange rate to buy the most cost-efficient aircraft available at a competitive price," said Sebastian Ebel, member of the TUI Group board. Ebel manages the TUI Group's airlines. "Standardizing our fleet with the 737-800 also enables Hapag-Lloyd to reduce operational, maintenance and service costs."

The order is valued at $655 million at list prices. Hapag-Lloyd begins taking delivery during the first quarter of 2006.

Hapag-Lloyd, a member of the TUI Travel Group, is based in Hanover Langenhagen, Germany, and has one of the newest and most modern fleets in the European skies. The airline offers 552 flights per week from 21 departure airports to 39 destinations in nine countries.

The new 737s will be fitted with advanced-technology Blended Winglets, which reduce aerodynamic drag.

"Hapag-Lloyd's order reinforces the value that airlines attach to the 737's exceptional technology, reliability and environmental performance," said Marlin Dailey, vice president for European Sales, Boeing Commercial Airplanes.

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