ILFC Places Order for 28 Boeing 777s and Next-Generation 737s

LE BOURGET, France, June 14, 2005 -- The Boeing Company [NYSE:BA] and International Lease Finance Corp. (ILFC) today announced a firm order for 20 Next-Generation 737-700s/-800s, six 777-300ERs (Extended Range) and two 777-200ERs, together valued at nearly $2.9 billion at list prices.

The 777 deliveries begin late next year and extend into 2008. The 737s will be delivered in 2008.

"ILFC continues to experience sustained and robust leasing demand from our airline customers worldwide for new Boeing Next-Generation 737 airplanes and 777-200ER and 777-300ER intercontinental long-range jets,” said Steven F. Udvar-Hazy, chairman and chief executive officer - ILFC. “This transaction reinforces our nearly 30-year partnership with Boeing as the largest lessor of Boeing airliners."

Boeing Commercial Airplanes President and Chief Executive Officer Alan Mulally added, "this order, and the demand ILFC is experiencing, underscores the recovery commercial aviation is experiencing worldwide and the overall strength of the Boeing product line. We are working with ILFC to market and place airplanes to meet that demand.”

ILFC, one of the world's top lessors, has placed the 777 and 737 at many different airline operators around the world. Its fleet encompasses three models of the Next-Generation 737 family -- the 737-600, -700 and -800 -- and three models of the 777 family, the 777-200ER, -300, and -300ER.

This order brings ILFC's total 737 orders to 417, with 78 remaining to be delivered, and total 777 orders to 75, with 27 future deliveries. ILFC has ordered 678 Boeing jets since 1977.

The Boeing 777 family continues evolving with the recent addition of the world's longest range jet, the 777-200LR Worldliner, and the Boeing 777 Freighter. To date, 38 airlines have ordered nearly 700 Boeing 777s, making it the most preferred airplane in its class.

The Next-Generation 737s fly higher, faster, farther, and more quietly than comparable airplanes, while offering greater fuel efficiency. To date, 84 airlines have placed orders for more than 2,600 Next-Generation 737s.

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GE Commercial Aviation Services Orders 20 Boeing Next-Generation 737s

LE BOURGET, France, June 14, 2005 -- The Boeing Company [NYSE: BA] and GE Commercial Aviation Services (GECAS) announced today the lessor's purchase of 20 Boeing Next-Generation 737s worth US$1.1 billion at list prices.

GECAS also is identifying itself as the customer for 12 Boeing 737s ordered last year that were attributed to an unidentified customer. These 12 airplanes will be delivered starting late this year and throughout 2006. All 12 have been placed with airlines.

The 32 airplanes on firm order, in conjunction with six 737s ordered last month for lease to Sky Europe, bring to 38 the firm commitments GECAS has made to the 737 family in the last year.

The 20 new airplanes are scheduled for delivery from 2006 into 2008. Six of these airplanes have already been placed with airlines.

"The Next-Generation 737 is popular among the world's airlines and we have been quite successful in placing the airplane with operators," said Henry Hubschman, president and CEO of GECAS. "Airlines appreciate the low operating costs, high reliability and the modern, flexible interior that meets their changing requirements. In addition the 737 maintains its value as an asset in our portfolio."

“The 737 is a great airplane for the leasing market, and we are working closely with GECAS to meet the demand generated by the recovery in commercial aviation,” said John Feren, vice president of Leasing & Asset Management for Boeing Commercial Airplanes. "Over the years, GECAS has been a great partner and has leased hundreds of Boeing airplanes to fleets around the world."

GECAS has directly ordered a total of 301 Boeing jetliners and currently has more than 600 Boeing airplanes in their fleet.

The total GECAS Next-Generation 737 fleet is nearly 200 airplanes, which includes purchases from Boeing and from third parties. All are in operation with more than 30 different airline customers around the world.

GECAS offers the 737, 747, 757, 767 and 777 to operators. GECAS has been highly successful in placing Boeing airplanes with operators from every continent, including many of the world's most prestigious airlines.

GE Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, is the commercial aircraft financing and leasing business of General Electric Co. GECAS has a fleet of more than 1,300 owned aircraft and offers a full range of aircraft fleet, financing and productivity solutions including operating leases, secured debt financing, engine leasing, spare parts financing and management, and pilot training. GECAS has offices in 22 cities worldwide serving more than 200 airlines in some 60 countries.

The Next-Generation 737 family delivers high profitability, optimum efficiency and reliability, and is 10 years newer that its competition. It is the fastest-selling jetliner of all time and the class leader in dispatch reliability. Boeing has received orders for more than 2,500 Next-Generation 737s since launching the program in 1993, with unfilled orders for more than 850 airplanes.

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