November 14, 2017: Boeing has announced an order for five more 787-8 Dreamliners and a commitment to purchase two large freighters with Azerbaijan Airlines (AZAL). The agreement, announced at the 2017 Dubai Air Show, is valued at about $1.9 billion at current list prices. The freighter commitment will be finalized at a later time.
Azerbaijan Airlines also will be the launch customer for the 787 Landing Gear Exchange Program whereby Boeing Global Services will provide the carrier with a lower-cost solution for overhauled and certified landing gears for its Dreamliner fleet.
"Ordering additional 787 Dreamliner airplanes will greatly expand our airline's capabilities, allowing us to serve new destinations and carry more passengers," said AZAL President Jahangir Askerov. "We are delighted to expand our partnership with The Boeing Company, which has been a reliable partner in supplying modern airplanes, and helping us operate and maintain the jets."
"We appreciate Azerbaijan Airlines' growing confidence in the Boeing 787 and the airplane's market-leading fuel efficiency and passenger-pleasing features," said Kevin McAllister, president and CEO of Boeing Commercial Airplanes. "The 787 Dreamliner will play a key role in Azerbaijan's fleet modernization plan, help them open new routes, and contribute to their long-term success."
"Boeing is excited to launch the 787 landing gear exchange program with Azerbaijan Airlines," said Stan Deal, President and CEO of Boeing Global Services. "This program will keep the airline's 787s flying while providing a cost-effective and reliable alternative to buying new landing gear and performing equipment overhaul."