Air Berlin Reduces Boeing 787 Order

Air Berlin, Germany's second-biggest airline after Lufthansa, dropped about USD$1.7 billion worth of firm orders for Boeing's 787 Dreamliner aircraft to cut its financial obligations.

"With a partnership spirit we have mutually agreed with Boeing to adjust the Air Berlin order book to meet Air Berlin's operational requirements and the market conditions," the company said on Tuesday.

Air Berlin cut its firm order to 15 planes from 25 and the number of options for further 787 aircraft to 5 from 10. Each 787 aircraft has a list price of about USD$170 million.

In addition, it is deferring delivery of nine Boeing 737 aircraft to 2015 from 2010 or 2011, it said.

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