Aviation Partners Boeing (APB) today announced that it has entered into an agreement in principle with Continental Airlines to put Blended Winglets on 11 757-200 and 11 737-800 aircraft. The agreement, which is subject to certain conditions, includes options for additional winglets. Continental could potentially install Blended Winglets on its entire 757-200, 737-800 and 737-700 fleets -- which will eventually comprise over 200 aircraft.
Blended Winglet Technology from APB, a joint venture between Aviation Partners Inc. and The Boeing Company, should provide up to 5% savings in fuel burn. As the 757-200 program's launch customer, Continental will play a significant role during the certification flight testing which is scheduled to conclude with winglets installed and in service by June of 2005.
APB CEO Mike Marino explains that the agreement is the proverbial win-win situation for both parties. "We've found a way to put winglets on Continental's aircraft that makes economic sense for them and us. Also, I think this order is a very important step in Aviation Partners Boeing's growth. We hope that soon, seeing a Boeing commercial aircraft that has not been equipped with this performance enhancing technology will be the exception.
Blended Winglet Technology from APB, a joint venture between Aviation Partners Inc. and The Boeing Company, should provide up to 5% savings in fuel burn. As the 757-200 program's launch customer, Continental will play a significant role during the certification flight testing which is scheduled to conclude with winglets installed and in service by June of 2005.
APB CEO Mike Marino explains that the agreement is the proverbial win-win situation for both parties. "We've found a way to put winglets on Continental's aircraft that makes economic sense for them and us. Also, I think this order is a very important step in Aviation Partners Boeing's growth. We hope that soon, seeing a Boeing commercial aircraft that has not been equipped with this performance enhancing technology will be the exception.
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