• Most Popular
  • Most Shared

Turkmenistan pays $120 mln for new Boeing jets

Wed Feb 20, 2008 2:23am EST

Stocks

   

ASHGABAT, Feb 20 (Reuters) - Turkmenistan, a long-isolated Central Asian state, has ordered two new Boeing (BA.N) passenger jets for a total of $120 million in cash, according to a government decree published on Wednesday.

Stocks

Turkmenistan, unlike many other former Soviet states, has used its natural gas export revenues to replace its entire fleet of ageing Russian-made jets with Western-assembled aircraft since gaining independence from Moscow in 1992.

According to the decree published by the state media, Turkmenistan Airlines will buy two new Boeing 737-900ER midrange planes. It gave no other details of the deal.

Isolated under Soviet rule and then the two-decade reign of former President Saparmurat Niyazov, the nation is now trying to open up and attract foreign investment under its more reformist leader, Kurbanguly Berdymukhamedov. (Reporting by Marat Gurt, writing by Olzhas Auyezov, editing by Will Waterman)

Stocks


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews