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Boeing announced yesterday that it has confirmed orders worth over $1 billion for up to 20 737-800s from EgyptAir and Turkish Airlines.

Boeing and EgyptAir formally concluded contract negotiations on August 1, resulting in an order for up to 12 737-800s. The firm order is for six airplanes with purchase options for an additional six. The complete airplane deal is valued at $850 million at list prices.

EgyptAir currently has four Boeing 737-500s, five 777-200s and two 747-300s as part of their mixed fleet of airplanes. The airline will take delivery of its first 737-800 in September 2006, with the remaining airplanes joining its fleet by December 2009.

Boeing has also confirmed that Turkish Airlines has exercised options for eight Boeing Next-Generation 737-800s. The airplanes are scheduled for delivery in 2008 and are worth an estimated $542 million at list prices. The options were part of an order placed by Turkish Airlines in 2004 for 15 Boeing 737s.

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