Moroccan air company signs contract for purchase of 20 boeing aircraft

Moroccan air carrier "RAM" and "Boeing " signed on Friday a $ 1.2 Billion-contract under which RAM will purchase 22 Boeing planes.

RAM said in a statement the order will be delivered between 2003 and 2013. The air company said it selected the 20 737 new generation and two 767-300 planes for their reliability and low cost.

The Moroccan air carrier already operates a fleet of 28 Boeing 737, including nine of the new generation type.

The new contract was signed by RAM Chief-Executive officer, Mohamed Hassad and Boeing vice-executive president for sales, Seddik Belyamani.

RAM will sign shortly a contract with European firm "Airbus" for the purchase for the first time of four A321-200 Airbus.