Transavia Flight Makes Emergency Landing in Amsterdam

FARNBOROUGH, United Kingdom, July 19 /PRNewswire-FirstCall/ — The Boeing Company (NYSE: BA) and low-cost carrier Norwegian Air Shuttle ASA today signed an agreement at the Farnborough International Airshow for 15 Boeing 737-800s. The airline is exercising purchase rights from its landmark 2007 order for 42 Next-Generation 737s. Today’s order is valued at $1.15 billion at average list prices and increases the airline’s unfilled orders to 59 Next-Generation 737s.

Norwegian Air Shuttle, which operates commercially as “Norwegian,” is the second largest airline in Scandinavia and has a route portfolio that stretches across Europe into North Africa and the Middle East.

“We owe our success to our customers – almost 11 million passengers chose to fly with us in 2009. The Next-Generation 737 allows us to offer them on-time departures and arrivals, an environmentally-responsible and comfortable journey,” said Bjorn Kjos, CEO of Norwegian Air Shuttle ASA. “We recognize the tremendous value Boeing’s products and services bring to our business and are highly appreciative of the people of The Boeing Company.”

Norwegian’s landmark order in 2007 for 42 airplanes and 42 purchase rights was the largest ever airplane order from any Scandinavian carrier. Norwegian also is among the first airlines in the world to incorporate the new, spacious 737 Boeing Sky Interior into its airplanes. The interior features soft, blue-sky-like lighting overhead, contemporary sculpted sidewalls and window reveals designed to draw passengers’ eyes to the airplanes’ windows, enhancing the passengers’ overall flying experience.
“Increasing the production rate of the Next-Generation 737 was the right thing to do to support the growth ambitions of successful carriers like Norwegian,” said Marlin Dailey, vice president Sales and Marketing, Boeing Commercial Airplanes. “At the same time, we are improving the performance of the Next-Generation 737 to reduce fuel consumption and emissions by a further 2 percent.”

Boeing routinely seeks environmental improvements throughout its product development process. In the case of the Next-Generation 737, improved aerodynamics, a lighter airframe, and a lighter and more powerful engine produced by the French-American partnership CFMI, have led to major environmental gains compared to previous models.

CHICAGO, Jan. 31, 2011 — Boeing today released the following statement, responding to public reports that the WTO panel deciding European Union claims of U.S. government assistance to Boeing has issued a confidential final ruling rejecting the vast majority of Europe’s claims:

“Today’s reports confirm the interim news from last September that the WTO rejected almost all of Europe’s claims against the United States, including the vast majority of its R&D claims – except for some $2.6 billion. This represents a sweeping rejection of the EU’s claims.

“Nothing in today’s reports even begins to compare to the $20 billion in illegal subsidies that the WTO found last June that Airbus/EADS has received (comprised of $15 billion in launch aid, $2.2 billion in equity infusions, $1.7 billion in infrastructure, and roughly $1.5 billion in R&D support).

“The WTO’s decisions confirm that European launch aid stands alone as a massive illegal subsidy only available to Airbus, which has seriously harmed Boeing, distorted competition in the aerospace industry for decades, and resulted in the loss of tens of thousands of good-paying U.S. jobs.

“Today’s decision will not require any change in policy or practice, or other remedy that comes close to approaching the billions of dollars of launch aid that must be repaid by Airbus or restructured on proven commercial terms. As a result of the June WTO ruling, EU governments and Airbus/EADS must repay or restructure $4 billion in still outstanding illegal launch aid subsidies Airbus received to develop the A380. They must also remedy the adverse effects of the additional $16 billion in other illegal subsidies Airbus received.

“Under the WTO’s decisions, Airbus must now compete in the global marketplace without the massive illegal subsidies it has received since its inception and without which, the WTO held, Airbus would be ‘a much different, and we believe a much weaker’ company than it is today. It will be required to finance airplanes the same way Boeing does – with its own money. Having recently announced it has more than $13 billion dollars of cash on hand, Airbus should have no problem with this new requirement.

“Today’s ruling underscores our confidence in the WTO processes and dispute-resolution procedures. We applaud the body for its work and continue to look to Airbus/EADS and the EU to recognize that in today’s global market, everyone must play by the rules and abide by WTO requirements. Playing by the rules, for Airbus/EADS, means withdrawing the still-outstanding A380 prohibited launch aid subsidy and financing the A350 on commercial terms. Airbus should confirm its intention to comply with the WTO’s decisions.”