Investments

Air Europa buys 16 Boeing 737s

Bank Of America Investment Spanish carrier Air Europa has converted purchase rights into orders for 16 Boeing Next-Generation 737-800 airplanes.

November 15, 2004 Boeing CFO, Sears, interest violation in offering Darlene Druyun, who was the Air Force's No. 2 weapons buyer, a job. months in jail for meeting with Sears to negotiate a $250, 000 a year job with Boeing while still overseeing Boeing deals worth billions with the Air Force. interest scheme. Analysts believe Boeing could face fines in excess of $100 million. Advertisement

Investment Opportunity The airplanes are valued at approximately $1 billion at list pricesand will be delivered between 2010 and 2014. Air Europa will use these new airplanes on domestic routes within Spain, including the Balearic and Canary islands, as well as on European and North African routes.

by Freddie Mooche Michael Sears, former Boeing CFO, was sentenced to four months in jail for his role in illegally recruiting a top U.S. Air Force official. If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, box first. Print This Page Feb 19, 2005 (AXcess News) Michael Sears, former Boeing Co. ( BA) CFO, was sentenced to four months in jail for his role in illegally recruiting a top U.S. Air Force official. Then Boeing CFO, Sears, was also fined $250, 000.

Banc Of America Investment Air Europa currently has 30 Boeing Next-Generation 737s in its fleet and 34 on order.

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Banking Investment "The 737-800 is the ideal airplane for our short- and medium-haul routes, providing great performance. These additional 16 aircraft will replace other Boeing Next-Generation aircraft with the objective to remain one of the most modern airlines in Europe with airplanes that are less than 10 years old," said Juan Jose Hidalgo, chairman of the Globalia Corporacin Empresarial.

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Investment Solution Strategic The Next-Generation 737 flies higher, faster, farther and more quietly than comparable airplanes, while offering greater fuel efficiency. The 737 airplane family is the world's best-selling commercial jet airplane, with more than 6,200 ordered by 232 customers.

The documents released by Senator John McCain and reported on by U.S. News and World Report (see www.usnews.com) orchestrated effort between the Air Force and Boeing effort to promote the deal. The Air Force is "desperately looking for the rationale for why the USAF should pursue the 767 Tanker now, " wrote a Boeing executive in a September, 2002 email included in the packet of documents.

Investment Banking Services "The Boeing 737 is the backbone of Air Europa's single-aisle fleet. The airline's trust in the Next-Generation Boeing 737 is strong recognition of the value it brings to the airline and its passengers," said Marlin Dailey, Boeing Commercial Airplanes vice president of Sales for Europe, Russiaand Central Asia.

Bank Investment "Boeing offers the very best product and service solutions to ensure Air Europa's success."

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