Futura signs Order for up to Six Next-Generation Boeing 737s

Futura International Airways, a charter airline headquartered in Palma de Mallorca, Spain, has ordered three Boeing Next-Generation 737-800s with three purchase rights. The order for three airplanes is valued at approximately $210 million at list prices. The new airplanes are scheduled for delivery in 2009 and 2010.

"The 737 is the cornerstone of our fleet. We have wide experience with the 737-800, the 737-400 and the 737-300 and are extremely pleased with their low operating costs and excellent performance. We believe the 737-800 has the most advanced flight and safety systems in the history of civil aviation to date,” said Román Pané, president and CEO of Futura International Airways.

Futura International Airways, founded on November 28, 1989, is one of the largest independent middle-range airlines in Europe. Until November 2002 (fiscal year), Aer Lingus owned 100% of the company’s shares. Since November 2002, as the result of a management buy-out backed by Corpfin Capital, a Spanish private equity company, Futura’s ownership profile has evolved. Corpfin Capital owns 65% of the shares, Aer Lingus (the Irish national carrier) maintains 20%, and the other 15% is owned by company management and employees.

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