WICHITA, Kan., April 5 /PRNewswire/ -- Raytheon Aircraft and Air New
Zealand have signed a definitive contract for the purchase of 16 new Beech
1900D Airliners for the carrier's 100-percent owned regional carrier, Eagle
Airways.
Previously, the two companies entered into a letter of intent for the
aircraft. The recent contract formalizes the order. Deliveries are scheduled
to begin in mid-year 2001 and continue at a rate of one per month. The
aircraft will operate throughout New Zealand.
"Eagle Airways will now offer Air New Zealand passengers a new standard of
comfort on our 19-seat regional services," said Air New Zealand President and
CEO Gary Toomey. Star Alliance partners of Air New Zealand served by the
1900D are United Airlines and Air Canada. Star Alliance is a code-sharing
network of international airlines.
Raytheon Aircraft Chairman and Chief Executive Officer Hansel Tookes said
the order is a vote of confidence for the 19-seat regional market. "This
major international air carrier understands the value the Beech 1900D can
create in the regional market," he said. "We are delighted to accept this
significant fleet transaction from this new customer."
Raytheon Aircraft, based in Wichita, designs, manufactures, markets and
supports jet, turboprop and piston-powered aircraft for the world's
commercial, military, and regional airline markets. It had revenues of $3.2
billion in 2000.
With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTNA, RTNB)
is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.
Contact:
Tim Travis
(316) 676-8674
http://www.raytheonaircraft.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Tim Travis of Raytheon Company, 316-676-8674
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