EL AL Israel Airlines CEO and President David Maimon recently announced the acquisition of 16 new Dreamliner aircraft, representing an investment of over $1.25 billion.

The Boeing Dreamliner 787’s is the world`s most advanced aircraft.

The first plane will join EL AL's fleet September 2017, and will operate flights to Europe. Towards the end of October, the Dreamline will be gradually integrated into EL AL's long-haul destinations in North America and the Far East.

"I am proud to announce that following a year and a half of major preparations by all of us at EL AL in anticipation of the new Dreamliner’s arrival, EL AL is embarking on new era," Maimon said. "The expected arrival of the new 787 aircraft will be the peak of EL AL's renewed momentum, creating a revolution in customer experience across all flight interfaces."

"We continue to implement EL AL's vision - to lead the aviation market in Israel and to be the first choice or all those traveling to and from Israel. We aim to provide quality and uncompromising service for the benefit of our customers.

"As part of this plan, EL AL purchased 16 modern Dreamliner aircraft, taking a major step forward in passenger service and flight experience.

"These aircraft will be gradually phased-in by 2020, replacing the existing 747-400 and 767-300 fleets. The advanced aircraft are state-of-the-art, offering many operational advantages and known as highly efficient and economical in fuel consumption, utilization and maintenance.

"The Dreamliners will be joining the Company's new 737-900 aircraft, which are already operating on short-hauls to Europe, modernizing the EL AL fleet.

"With these aircraft, EL AL is raising the bar in terms of service, flight comfort, as well as the upgraded product and flight experience it delivers its customers.

"We set the bar high in terms of service and product excellence, in order to better perform in the competitive arena and maintain our position travelers' first choice.

"I am convinced that this significant acquisition program is a great opportunity to meet our customers` expectations and continue EL AL's renewed momentum. We will offer our customers maximum comfort, technological innovation, advanced aircraft and high quality service."

Boeing Company Vice Chairman Raymond Conner said, "It is an enormous pride and a huge honor for everyone at Boeing that EL AL continues to operate an all-Boeing fleet.

"We could not more thrilled that EL AL will soon join the growing family of 787 Dreamliner operators.

"The Dreamliner will play an integral part in continuing to grow the EL AL brand worldwide and its capability to profitably open new routes from Tel Aviv. We will help EL AL fly its passengers to their desired destinations in exceptional comfort, with a new business class and premium economy product.

"The Dreamliner is unparalleled in performance, and delivers unmatched fuel efficiency, using as much as a 47 percent less fuel for a Tel Aviv-New York than the 747 currently operating the route.

"The key to this exceptional performance is a revolutionary design. The Dreamliner uses lightweight carbon fiber composite materials, which make up 50 per cent of the primary structure of the Dreamliner.... The plane also has a modern system architecture that is simpler, more functional and more efficient than that of other airplanes.

"We are confident the Dreamliner is going to play a significant part in EL AL’s future success."