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Air New Zealand Orders Boeing’s 7E7

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From Associated Press

Air New Zealand Ltd. will acquire eight Boeing Co. 777-200 airplanes and two of Boeing’s new 7E7 jets in a deal worth $850 million.

The deal would mark the second order for Boeing’s new 7E7 airplane, which is scheduled to enter service in 2008.

Boeing officially launched the mid-size airplane with a 50-plane order from Air Nippon Airways Co. in April and has said that it was in talks with many airlines for deals involving hundreds of the airplanes.

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Boeing spokeswoman Yvonne Leach said the company was still working out the details of the agreement with Air New Zealand.

Boeing shares rose $87 cents to 46.75 on the NYSE.

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