Russia’s Aeroflot to buy Boeing 777s, value $4 bln

* Signs deal for 16 aircraft over 2012-2017

* Planes have catalogue price of $4.1 billion

* Move plugs gap created by delayed 787 Dreamliner

MOSCOW, Dec 16 (BestGrowthStock) – Russia’s flagship airline
Aeroflot (AFLT.MM: ) said it would buy 16 new Boeing 777s over the
next six years as it strives to plug the gap created by the
repeatedly delayed 787 Dreamliners.

The carrier said in a statement on Thursday it had signed a
preliminary agreement to take the Boeing (BA.N: ) planes over the
2012-2017 period — prior to the receipt of a fleet of the
highly anticipated Dreamliners.

Aeroflot did not disclose financial details, but the order
has a catalogue price of $4.1 billion.

Aeroflot had ordered 22 Dreamliners that are now nearly
three years behind delivery schedule due to labour and
production problems.

The most recent test flights were halted in November after a
problem with the electrical system caused a fire on one of the

Aeroflot is also waiting for delayed deliveries of the
smaller Superjet aircraft — a Russian-Italian joint venture and
the first passenger plane built in Russia since the fall of the
Soviet Union.

Deliveries are expected until early next year.

Aeroflot said in its statement it had set up a working group
with Boeing to bring about the delivery of two Dreamliners in
time for the Winter Olympics in Sochi in 2014.
(Reporting by Gleb Stolyarov, Writing by John Bowker; Editing
by Jessica Bachman, Mike Nesbit)
($1=31.10 roubles)

Russia’s Aeroflot to buy Boeing 777s, value $4 bln