168. We worked on fun projects – LCF Freighter Aircraft for Boeing
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184. Boeing Confirms Primaris Airlines' Selection Of The 7E7 Dreamliner
DOW JONES NEWSWIRES
October 21, 2004 9:03 a.m.
SEATTLE -- Boeing Co. (BA) said Primaris Airlines Inc. ordered 40 planes worth about $3.8
billion at list price.
The companies expect negotiations to close at the end of this year.
In a press release Thursday, the airplane manufacturer said Primaris ordered 20 type 737-
800 planes and 20 type 7E7-8 planes.
Primaris, a discount commercial airline targeting business customers, has an option for 25
additional 737-800s and 15 additional 7E7-8s.
The privately held company did not say where it got financing for the orders.
Deliveries of the 737-800s will being in 2007; Boeing will deliver the 7E7-8s in 2010.
The Wall Street Journal, which reported the deal Thursday, said upstart carrier Primaris
aims to offer all-business-class service between New York and other major U.S. cities.
Primaris, which has gotten approvals from the Federal Aviation Administration and
Department of Transportation, expects to begin flying domestic routes in 2005.
Boeing shares were recently up 4 cents, at $49, on the New York Stock Exchange.
Company Web site: http://www.boeing.com
-Jeremy Herron; Dow Jones Newswires; 201-938-5400; AskNewswires@DowJones.com
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186. All-Business Airline Orders 40 Jets
Primaris, Ahead of Launch,
Secures Funds for Boeings,
Including 7E7 Dreamliners
By J. LYNN LUNSFORD
Staff Reporter of THE WALL STREET JOURNAL
October 21, 2004; Page D3
Primaris Airlines, an upstart carrier that aims to offer all-business-class service between New
York and other major U.S. cities as early as May, announced today that it has raised enough
money to order 40 new airplanes from Boeing Co. and that it will become the first U.S. airline to
operate Boeing's new 7E7 Dreamliner.
The Las Vegas carrier will place firm orders for 20 new Boeing 737-800 jetliners and 20 7E7s. It
also has secured options for 25 more 737s and 15 more 7E7s. The total value of the firm orders
is about $3.8 billion at list prices. Deliveries would begin in 2007, and would replace leased
jetliners that the airline plans to use in the interim.
Primaris now operates a single leased Boeing 757 that most recently was used to ferry the
White House press corps. The airline says it believes it has lined up financial backing that will
enable it to start a premium service that would do for business travel what Southwest Airlines
and JetBlue Airways have done for economy travel, at a time when the full-service carriers have
been cutting back on the perks. "We feel very confident that there is a market out there for what
we are offering," said Mark Morris, chief executive of Primaris.
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Management
Name Position Age Experience
Mark Morris CEO 56 CEO, DHL Air Group
CEO, Air One Airline
32 years airline operational and management experience
Airline captain with over 12,000 hours of command time
Kary Lewis CFO 46 Partner, Deloitte & Touche LLP with 18 years of management,
accounting and tax experience
Richard T. Gray Senior VP, Capital
Markets
51 25 years of experience in investment banking and capital markets,
including career positions with Goldman, Sachs & Company
Richard Ziskind Chief Marketing Officer 47 Former SVP Marketing & Sales PrivatAir, Dir. Sales for ATA and
MGM Grand Air
Kevin Lum SVP Finance 48 Former VP/Treasurer National Airlines, Sr. Dir. Accounting
America West
Gray Reese General Counsel 60 30 years experience as corporate counsel and trial attorney,
Virginia State Delegate
Doug Church SVP Administration 50 Former EVP of Seaboard Management, President of General
MedVentures
Hank Alexander SVP Distribution 63 Founder of the Travel Company
Paul Moskowitz SVP Marketing/Sales 48 Former Partner/President of the World Travel Specialists Group
and The Lawyers’ Travel Service
Steve Kane SVP Operations 49 Former FAA Inspector with primary responsibilities as a Principal
Operations Inspector of 121 airlines
Tom Jasperson VP Maintenance 52 33 years of airlines maintenance management experience,
including positions at Markair, Western Pacific Airlines, and several
startups