Northwest taking delivery of 787 as from August 2008

[Pieter C. 5]

Northwest Airlines yesterday announced the completion of restructured agreements with Boeing and Rolls-Royce that will allow the bankrupt carrier to begin taking delivery of its 787s in August 2008. NWA placed an order for 18 Trent 1000-powered 787s, with purchase rights for an additional 50, last year. The agreements, details of which were not revealed, are subject to US Bankruptcy Court approval.

 

"We have now completed restructuring contracts on our new Airbus and Boeing aircraft as well as our new and existing regional jet aircraft fleets," Executive VP and CFO Neal Cohen said. "With these agreements, as well as numerous other restructurings completed during the Chapter 11 process, Northwest will have competitive aircraft ownership costs going forward, along with the ability to add to its mainline and regional fleet some of the most efficient aircraft in the industry today."