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Boeing may seal $5.5B deal
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July 5, 2000: 6:06 a.m. ET
World's biggest aircraft maker reported set to sell 30 777 jets to leasing firm
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NEW YORK (CNNfn) - Boeing Co. is close to selling 30 of its 777 aircraft worth about $5.5 billion to International Lease Finance Corp., a major global leasing company, the Wall Street Journal reported Wednesday.
The newspaper, citing executives familiar with the negotiations, said the order would include eight of the newest long-haul versions of the Boeing jetliner, and that the order from the Los Angeles-based leasing firm could be sealed in coming weeks. It would be the latest win for Boeing (BA: Research, Estimates), the world's largest aircraft maker, in the competitive market for big planes, the report said.
The $5.5 billion is based on average list prices for the twin-engine planes, but buyers typically pay less than the regular list price, the report noted.
Europe's Airbus Industrie, Boeing's archrival, is also negotiating with International Lease Finance for its twin-engine A-330 planes and smaller jets in the A-320 family, the newspaper said. It added that the timing of any order for Airbus was uncertain.
The newspaper said that a Boeing spokeswoman declined to comment and a U.S. spokesman for Airbus could not be reached.
Boeing shares closed Monday at 41-11/16, down 1/8. 
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