STOCK TITAN

Air Tanzania Announces Order for Boeing Freighter and Passenger Jets

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Boeing (NYSE: BA) announced a significant order from Air Tanzania at the 2021 Dubai Airshow for a 787-8 Dreamliner, a 767-300 Freighter, and two 737 MAX jets, valued at over $726 million. This expansion will enhance Air Tanzania's capacity to serve markets across Africa, Asia, and Europe. With forecasts predicting a need for 1,030 new airplanes in Africa by 2040, this order positions Boeing favorably to cater to the aviation demand in the region.

Positive
  • Boeing secures a $726 million order from Air Tanzania, enhancing its market presence.
  • The order includes a mix of aircraft that strengthen Air Tanzania's operational capabilities.
  • Forecasts indicate a growing demand for air travel in Africa, with the potential for future orders.
Negative
  • None.

DUBAI, United Arab Emirates, Nov. 16, 2021 /PRNewswire/ -- Boeing [NYSE: BA] and the United Republic of Tanzania today announced an order for a 787-8 Dreamliner, a 767-300 Freighter and two 737 MAX jets at the 2021 Dubai Airshow. The airplanes will be operated by Air Tanzania, the national flag-carrier of Tanzania, to expand service from the country to new markets across Africa, Asia and Europe. The order, valued at more than $726 million at list prices, was previously unidentified on the Boeing Orders and Deliveries website.

"Our flagship 787 Dreamliner is popular with our passengers, providing unrivalled in-flight comfort and ultra-efficiency for our long-haul growth," said Air Tanzania CEO Ladislaus Matindi." Adding to our 787 fleet, the introduction of the 737 MAX and 767 Freighter will give Air Tanzania exceptional capability and flexibility to meet passenger and cargo demand within Africa and beyond."

Based in Dar es Salaam, the carrier will expand its current fleet of 787s, leveraging the new 737s for its regional network and the 767 Freighter to capitalize on Africa's burgeoning cargo demand.

"Africa is the third fastest-growing region worldwide for air travel, and Air Tanzania is well-positioned to increase connectivity and expand tourism throughout Tanzania," said Ihssane Mounir, Boeing senior vice president of Commercial Sales & Marketing. "We are honored that Air Tanzania has chosen Boeing for its fleet modernization program by adding an additional 787 and introducing the 737 MAX and the 767 Freighter into its expanding network."

Boeing's 2021 Commercial Market Outlook forecasts that, by 2040, Africa's airlines will require 1,030 new airplanes valued at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion, supporting growth in air travel and economies across the continent.

Boeing's heritage in Africa began more than 75 years ago, with more than 60 airline customers operating as many as 500 Boeing airplanes. Boeing has an office in Johannesburg, South Africa, in addition to field service representatives supporting commercial customers across the continent.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact

Ivan Gale
Boeing Commercial Airplanes
+1 571 228 0974
Ivan.e.gale@boeing.com

Zeina El Hakam
Boeing International
+971 50 210 0810
Zeina.elhakam@boeing.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/air-tanzania-announces-order-for-boeing-freighter-and-passenger-jets-301424978.html

SOURCE Boeing

FAQ

What aircraft did Boeing sell to Air Tanzania?

Boeing sold a 787-8 Dreamliner, a 767-300 Freighter, and two 737 MAX jets to Air Tanzania.

How much is the order from Air Tanzania worth?

The order is valued at over $726 million at list prices.

What markets will Air Tanzania serve with the new aircraft?

Air Tanzania will expand service to new markets across Africa, Asia, and Europe.

What is the significance of Boeing's order from Air Tanzania?

This order enhances Boeing's market presence and addresses the growing demand for air travel in Africa.

When was the Boeing order announced?

The order was announced on November 16, 2021, at the Dubai Airshow.

Boeing Company

NYSE:BA

BA Rankings

BA Latest News

BA Stock Data

130.74B
746.31M
0.1%
55.72%
3.01%
Aerospace & Defense
Aircraft
Link
United States of America
ARLINGTON