Japan Carrier in $300 Million Deal for Douglas Jetliners
Aug. 13, 1985
LONG BEACH, Calif. (AP) _ Douglas Aircraft Co. said Tuesday that Toa Domestic Airlines of Japan has agreed to buy seven twinjet MD-80 jetliners and take options on four more.
The 11-plane package will be worth about $300 million to Douglas, a subsidiary of St. Louis-based McDonnell Douglas Corp.
The planes are to be delivered in 1987 and 1990.
TDA's president, Toshihiko Kubota, said the acquisition comes as his airline is gearing up to extend service outside Japan, including to the United States.
To date, Douglas has received orders and options for 546 of the planes, a derivative of the DC-9. Of those on the books, 237 have been delivered.