Air Canada brings back its order for Boeing aircrafts
A couple of months ago, Air Canada cancelled a placed order with Boeing due to cash constraints. Now, they are back as their parent company has struck a deal with Boeing Co. to buy up to 96 airplanes. ACE Aviation Holdings Inc. has confirmed that they have placed an order for 18 wide body 777s and 14 of Boeing’s new 787 Dreamliners.
They also have reserved the purchase rights for 18 more 777s and purchase rights for 46 more 787s. At list price of the aircrafts, the order is worth around $6 billion. However, considering the airline companies negotiate on prices a lot, the actual value would be much lower. They have not disclosed the actual worth of the order placed.
ACE has however said that they would be ordering a mix of 777s, including the 777-200LR, 777-300ER and 777 Freighter. They are now expected to receive its first six 777s between March and July of 2007, and are scheduled to get its first 787 in 2010. Air Canada is going for these purchases considering they have reached an agreement with its pilots. They have also said that these new aircrafts would help them compete efficiently with the other players in the market.