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Air Canada leases additional Boeing 777-300ER

Nov. 19, 2007, Montreal, Que.  - Air Canada announced it has signed a 10-year lease for one new Boeing 777-300ER from International Lease Finance Corp.


November 19, 2007
By Carey Fredericks

Nov. 19, 2007, Montreal, Que.  – Air Canada announced last week that it has signed
a 10-year lease for one new Boeing 777-300ER from International Lease Finance
Corp. to continue its wide-body fleet renewal and modernization program.
    
Air Canada will take delivery of the leased aircraft in April 2009,
bringing to 18 the total number of Boeing 777s entering the fleet. The
transaction is part of an ongoing fleet renewal program that will give Air
Canada one of the most modern and comfortable aircraft fleets in the world and
provide savings on fuel, expanded range capabilities and other efficiencies.
    
Air Canada has concluded agreements with Boeing for the acquisition of up
to 34 Boeing 777s and up to 60 Boeing 787 Dreamliners. The agreements include
firm orders for 16 Boeing 777s, plus purchase rights for 18 more.

The agreements also include firm orders for 37 Boeing 787 Dreamliners, plus
options for an additional 23 aircraft. In addition, Air Canada previously
entered into a lease with International Lease Finance Corporation for the
lease of one Boeing 777 aircraft.
    
To date, Air Canada has taken delivery of five 777-300ER aircraft and two
777-200LR aircraft, and is the first North American carrier to operate these
aircraft types. Air Canada's first 787 is scheduled for delivery in 2010.

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