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Raytheon Company

Air New Zealand to Buy Fleet of 16 Beech 1900D Airliners

Wichita, Kansas (ots-PRNewswire) -

New Zealand's flag carrier, Air
New Zealand, has entered into a letter of intent with Raytheon
Aircraft for 16 new Beech 1900D Airliners for its 100 percent owned
regional carrier, Eagle Airways. The company expects aircraft
deliveries to begin in mid-year 2001, and continue at the rate of one
per month.
"Raytheon Aircraft is delighted to accept an important and
significant fleet transaction from this new customer," said Hansel
Tookes, chairman and CEO of Raytheon Aircraft. "It reflects
confidence in our 1900D, and we appreciate the new business from a
major international air carrier." Air New Zealand's interest
demonstrates continuing strong commitment to the New Zealand regional
market. The new 1900Ds will operate throughout New Zealand.
Air New Zealand CEO Gary Toomey said, "I am pleased that Eagle
Airways will be able to offer customers a new standard of comfort on
our 19 seater regional services. This reinforces our partnership in
the Star Alliance to offer the best product for the mission." Other
Star Alliance partners served by the 1900D include United Airlines
and Air Canada.
Raytheon Aircraft Company, a subsidiary of Raytheon Company,
offers a total air transportation solution. With headquarters in
Lexington, Mass., Raytheon Company (NYSE: RTNA, RTNB) is a global
technology leader in defense, government and commercial electronics,
and business and special mission aircraft.


Jim Gregory of Raytheon Aircraft, +1 316-676-7689

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