MONTREAL - The Canadian airline Air Canada said Monday it had placed firm orders for 32 Boeing aircraft and taken options to buy 64 additional planes as it upgrades its fleet.
ACE Aviation Holdings, which owns Air Canada, said it had placed firm orders for 18 Boeing 777s and 14 Boeing 787 Dreamliners, scheduled to begin delivery next year and in 2010, respectively.
ACE Aviation has also agreed the rights to purchase 18 more Boeing 777s and 46 Dreamliners.
No terms of the deal were disclosed, which is expected to be finalized by the middle of this year.
"The agreement with Boeing is very attractive financially as the operating cost of the 777 and 787 will be significantly less than our current airplanes they will replace, the acquisition costs will be spread over several years, and the asset values of the aircraft we will replace and sell are significant," ACE said.
04/25/2005 10:29 GMT