Boeing launches 787-10 with $30 billion of orders

Thu Jun 20, 2013 4:24am EDT
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PARIS (Reuters) - Boeing (BA.N: Quote) launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 provisional orders worth nearly $30 billion at list prices.

The news came after rival Airbus EAD.PA clinched an $11.5 billion order from UK budget airline easyJet (EZJ.L: Quote) for 135 A320neos, including 35 current-generation planes and 100 next-generation versions, with options for a further 100 aircraft.

Boeing's much-anticipated launch with five airlines and leasing companies marked a sign of support for the 787 just months after the first version was grounded due to battery problems.

The buyers are Air Lease (AL.N: Quote) with 30 planes, GE Capital Services (GE.N: Quote) with 10, British Airways (ICAG.L: Quote) with 12, Singapore Airlines (SIAL.SI: Quote) with 30 and United Airlines with 20.

United's order includes 10 new planes and 10 conversions from the earlier 787-9 model, due for first flight later this year.

The third variant of the Dreamliner family will have a range of 7,000 nautical miles, with seating for up to 330 passengers.

United said it expected to receive its first 787-10 in 2018.

The plane will be 25 percent more efficient to operate than current comparable planes, Boeing Commercial Airplanes Chief Executive Ray Conner said.

The 787-8, introduced in late 2011, was grounded worldwide in January after its lithium-ion batteries overheated on two jets in about a week.   Continued...

Boeing company's chairman and CEO, Jim McNerney (R) and Ray Conner, President and CEO of Boeing commercial airplanes, pose with a 787-10 model during the 50th Paris Air Show, at the Le Bourget airport near Paris, June 18, 2013. REUTERS/Stringer