Wall Street

Virgin Blue orders nine Boeing 737s

Online Stock Market Trading The Boeing Company today identified Virgin Blue Airlines as the carrier that last month exercised purchase rights for nine Next-Generation 737-800 airplanes.

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Stock Investing Course The order was previously included on Boeing's Orders and Deliveries Web site, attributed to an unidentified customer.

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Stock Market Game Deliveries of these airplanes to the Brisbane, Queensland, Australia-based low-cost carrier begin in 2008.

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Stock Investing Game The order is valued at $634.5 million at average list prices. Virgin Blue operates an all-Boeing fleet of 52 Next-Generation 737s and will use the new aircraft to replace leased planes in its fleet.

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Journal Prime Rate Street Wall "The Next-Generation 737 is a reliable and cost-efficient aircraft, which is essential in our competitive low-cost market," said Brett Godfrey, Virgin Blue's CEO.

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Stock Market News "Combined with its passenger comfort and appeal, the Next-Generation 737 is the right choice for Virgin Blue. The Next-Generation 737 is an integral part of our growth strategy."

Stock Investing Basics The airline's fleet is a mix of 737-700s and 737-800s, running a route network stretching from Darwin in northern Australia to Perth in the West and Hobart in the South, and includes high-frequency East Coast services between Melbourne, Sydney and Brisbane.

Stock Investing Software "The 737 continues to be the airplane of choice for successful, established low-cost carriers like Virgin Blue," said Larry Dickenson, vice president, Sales -- Boeing Commercial Airplanes. "As Virgin Blue continues to grow, the Next-Generation 737s will continue to contribute to the airline's bottom line with reliable, efficient and economical service."

Stock Market Trading The Next-Generation 737s fly higher, faster, farther and more quietly than comparable airplanes, while offering greater fuel efficiency. Overall, the 737 airplane family is the world's best-selling commercial jet airplane, with more than 6,300 ordered by 233 customers.

Stock Investing For Dummy As of May 31, 2006, 97 customers have placed orders for more than 3,200 Next-Generation 737s, and the program has more than 1,250 unfilled orders with a value of about $85 billion at current list prices.

Stock Market Crash In May 2005 Virgin Blue was named OAG Best Low Cost Airline of the Year for the second year in a row. The award represents the views of frequent passengers, based on the airline's overall performance during the award period.

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