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Icelandair Orders Two Boeing 787 Dreamliners for Long-haul Operations

04 March 2005

Icelandair has produced a firm order for two all-new 787 Dreamliner airplanes with which the carrier will expand its operations on long-range routes from Iceland, and develop its fleet.

Icelandair ordered 787-8s, which will be delivered during 2010. The carrier is evaluating the two engine options, the General Electric GENX (GE Next Generation) and Rolls-Royce's Trent 1000. The order is worth $240 million at list prices.

"The 787 Dreamliner's unprecedented efficiency, economics, range and passenger comfort are ideally suited for our operations and our commitment to providing superior service to our passengers," said Hannes Smarason, chairman of the Flugleidir Icelandair Group.

Boeing now has 193 announced orders and commitments for the 787. Negotiations continue with airlines around the world. Icelandair becomes the 16th airline to select the 787 in just 10 months following the Dreamliner's launch in April 2004.

"The 787's efficiencies and performance make it the perfect airplane to meet Icelandair's requirements for expanding its long-haul operations and to serve key global markets," said Marlin Dailey, Boeing Commercial Airplanes vice president for sales in Europe. "This deal extends a strong relationship between Icelandair and Boeing that goes back over 30 years."

The 787 will support Icelandair's expansion of its transfer traffic through Iceland by opening new markets in North America and elsewhere. Currently, the airline uses Iceland as a hub between six US gateway cities and 16 European destinations.

Icelandair operates 19 Boeing 757s and 767s for its scheduled service and Icelandair Group charter and cargo businesses. Its parent company, Flugleidir Iceland Group, last month purchased 10 Boeing Next-Generation 737s for its growing leasing venture.