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Air Canada leases additional Boeing 777-300ER to accelerate wide-body fleet renewal

Air Canada will take delivery of the leased aircraft in May 2007.


September 19, 2007
By Carey Fredericks

Air Canada will take delivery of the leased aircraft in May 2007, bringing to eight the total number of Boeing 777s entering the fleet next year. Delivery of the leased aircraft will allow Air Canada to accelerate by nearly two years the return of a leased Airbus A340-300 originally scheduled to be returned to ILFC in mid-2009. The transaction is part of an ongoing renewal program that will give Air Canada one of the most modern aircraft fleets in the world and provide savings on fuel, expanded range capabilities and other efficiencies.

In November 2005, Air Canada announced that it had concluded agreements with Boeing for the acquisition of up to 36 Boeing 777s and up to 60 Boeing 787 Dreamliners. The agreements include firm orders for 18 Boeing 777s, plus purchase rights for 18 more, in a yet-to-be determined mix of the 777 family's newest models: the 777-300ER, the 777-200LR Worldliner and the 777 freighter. Delivery of the 777 aircraft is scheduled to commence in March 2007. The agreements also include firm orders for 14 Boeing 787 Dreamliners, plus options and purchase rights for an additional 46 aircraft. Air Canada's first 787 is scheduled for delivery in 2010.