Kuwait Airways Intends to Purchase 10 Boeing 777-300ERs

Boeing Statement on Kuwait Airways’ Intent to Purchase 10 777-300ERs

Boeing is pleased that Kuwait Airways has announced its intent to purchase 10 777-300ER (Extended Range) airplanes worth $3.3 billion at current list prices.

We appreciate the start of a new partnership with Kuwait Airways,” said Marty Bentrott, vice president of Sales for Middle East, Russia and Central Asia, Boeing Commercial Airplanes. “Boeing looks forward to an enduring relationship with Kuwait Airways and we are excited to see that the 777-300ER airplane, which is the preferred long-haul carrier for so many airlines around the world, will now play an important role in the airline’s fleet strategy and expansion.”

The order will be posted on Boeing’s Orders & Deliveries website when finalized.

SEATTLE, Nov. 20, 2014


Comment: The new order is worth $3.3 billion at list price, but Kuwait Airways probably negotiated a discount in excess of 50 percent, given both Boeing’s need to move 777s before the 777X comes into production and the price breaks manufacturers typically offer customers.