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Boeing, Icelandair Finalize Order for 16 737 MAX Airplanes

          Boeing, Icelandair Finalize Order for 16 737 MAX Airplanes

Icelandic carrier to operate both 737 MAX 8s and 9s

Agreement includes purchase rights for eight additional 737 MAXs

PR Newswire

REYKJAVIK, Iceland, Feb. 13, 2013

REYKJAVIK, Iceland, Feb. 13, 2013 /PRNewswire/ -- Boeing [NYSE: BA] and
Icelandair announced a firm order today for 16 737 MAX airplanes, valued at
more than $1.6 billion at list prices. The order, originally announced as a
commitment for 12 airplanes in December 2012, has been increased to 16
airplanes and includes 737 MAX 8s and 9s, as well as purchase rights for eight
additional 737 MAXs. Today's announcement brings the total number of 737 MAXs
ordered to date to 1,180.

"The 737 MAX will complement our Boeing 757 operations seamlessly and allow us
to continue our route expansion in the most fuel-efficient manner," said
Bjorgolfur Johannsson, Icelandair Group president and CEO.

The 737 MAX builds on the strengths of the world's best-selling
Next-Generation 737. The 737 MAX incorporates the latest-technology CFM
International LEAP-1B engines to deliver the highest efficiency, reliability
and passenger comfort in the single-aisle market. Airlines operating the 737
MAX will see a 13 percent fuel-use improvement over today's most
fuel-efficient single-aisle airplanes.

"The 737 MAX will be an excellent addition to Icelandair's all-Boeing fleet,
enabling the carrier to expand its operations across Europe and North America
with increased fuel efficiency, route flexibility and passenger comfort," said
Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes.

The Icelandair Group currently operates an all-Boeing fleet of 23 Boeing 757
airplanes for both its passenger and cargo operations. The Icelandic carrier
has used the geographical location of its Reykjavik-based hub mid-way between
North America and Europe, as an opportunity to build an ever-growing network
of more than 35 international destinations.

Samantha Solomon
Boeing Communications
+44 (0)20 8235 5665 (office)
+1 206 304 8127 (mobile)

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