State Corporation Rostechnology Finalizes Order for 50 Boeing 737NGs

Russia’s State Corporation Rostechnology has finalized an order for 50 Next-Generation Boeing 737s, the deal including purchase rights for an additional 35 aircraft.

The State Corporation’s Supervisory Board approved the definitive agreement it signed and announced on September 17 during the Sochi Investment Forum in Russia. Boeing values the order is valued at $3.7 billion at average list prices. Rostechnology’s order includes 15 Boeing 737-700s, 25 737-800s and 10 737-900ERs.

“The order of Next-Generation 737s by Rostechnology represents a substantial investment in our future and will accelerate the significant progress we are making in improving the global competitiveness and efficiency of our airline industry,” says Roman Pakhomov, chief executive officer of Aviation Capital Services, the aviation leasing division of Rostechnology. “This agreement continues to build upon the strategic partnership between Rostechnology and Boeing.”

Russia's State Corporation Rostechnology finalized an order for 50 Boeing 737NGs on October 29, 2010. The contract also included purchase rights for an additional 35 Next-Generation 737s. The State Corporation’s Supervisory Board approved the definitive agreement, whihc was originally signed and announced on September 17 during the Sochi Investment Forum in Russia. Boeing values the order at $3.7 billion at average list prices. Rostechnology’s order includes 15 737-700s, 25 737-800s and 10 737-900ERs. A computer graphic image of a 737-900ER is shown here

According to Boeing, the economic benefits, comfort and operating efficiencies demonstrated by the Next-Generation 737 directly support Rostechnology’s plan to provide Russian airlines with efficient and reliable aircraft that will help them grow their domestic and international operations profitably.

“This is a great day in the history of our long and enduring partnership with Rostechnology,” says Marlin Dailey, vice president of sales for Boeing Commercial Airplanes. “Today’s order for 737-700s, 737-800s and 737-900ERs underscores Rostechnology’s confidence in the world’s most successful single-aisle airplane. The entire Next-Generation 737 family offers superior operating economics and the 737-900ER has the best seat mile cost of any single-aisle airplane and provides our Next-Generation 737 customers with a compelling low-risk growth opportunity.”

Rostechnology 737s will be delivered with the all-new 737 Boeing Sky Interior. In addition to the new inerior design, Boeing also announced a performance improvement package offering a 2 per cent reduction in fuel consumption through various airframe and engine improvements.

Over the past 20 years, Boeing’s joint programs in Russia have resulted in almost $6 billion in joint projects with its Russian partners, making Boeing the largest international aerospace investor in Russia.

Boeing announced in September that its production rate for the Next-Generation 737 will increase from the current rate of 31.5 aircraft per month to 35 in early 2012 and to 38 aircraft per month in the second quarter of 2013.