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Boeing makes two big sales
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September 7, 1998: 10:54 a.m. ET
Aircraft maker receives orders from KLM, International Lease Finance
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NEW YORK (CNNfn) - Boeing Co. said Monday it has received orders from KLM Royal Dutch Airlines and International Lease Finance Corp. for next-generation 737 models.
KLM (KLM) will take delivery of four 737-900s in the summer and fall of 2001 in a deal Boeing valued at approximately $230 million.
Boeing said International Lease Finance Corp. (ILFC) has ordered 17 jets, including nine next-generation 737-800 models. ILFC also will take delivery of six 757-200s, one 767-300ER and one 767-200ER. Financial terms of that deal weren't disclosed.
"This order allows us to fill specific near-term customer requirements and strengthens our deliveries in the 2001-2005 time frame," said Steven Udvar-Hazy, ILFC president and chief executive officer.
Boeing made the announcements at the Farnborough International '98 air show in England. The aerospace giant also is expected to announce an order worth $1.8 billion to supply Brazilian airline Varig with 24 new aircraft.
Boeing has been locked in a fierce battle with European consortium Airbus Industrie. Monday's sales come on the heels of Airbus landing a contract to supply a fleet of 59 planes to longtime Boeing customer British Airways (BAB).
In addition to the British Airways deal, Airbus also received an order from longtime Boeing customer US Airways Group Inc. (U) for as many as 30 wide-body jets.
Boeing (BA) shares closed at 33-15/16, down 5/8 in Friday trading. 
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