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Etihad, Boeing Said to Discuss $10.2 Billion 777X Order

Oct. 21 (Bloomberg) -- Etihad Airways is in talks to buy as many as 30 of Boeing Co.’s upgraded 777 jets, an order with a list value of about $10.2 billion, people familiar with the matter said.

A deal for the 777X planes may be wrapped up before next month’s Dubai Airshow, said one of the people, who asked not to be identified because the discussions are private. The expo may mark the formal unveiling of the 777X, which is targeted to enter service near decade’s end.

A sale to Etihad, the third-largest Persian Gulf carrier, would build on Boeing’s momentum for the redesigned version of its biggest twin-engine plane. Deutsche Lufthansa AG’s $11 billion 777X order last month implies a retail price of $340 million per jet, according to an estimate by Peter Arment, a Sterne, Agee & Leach Inc. analyst in Birmingham, Alabama.

A spokesman for Abu Dhabi-based Etihad, who asked not to be identified because of airline policy, said the state-owned carrier had no comment about any aircraft orders. Chicago-based Boeing also declined to comment, said Doug Alder, a spokesman.

Reuters reported the scope of the Boeing-Etihad talks earlier today.

To contact the reporters on this story: Julie Johnsson in Chicago at jjohnsson@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

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