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Boeing, Okay Airways Announce Order For 737 MAXs, Next-Generation 737s

Written by thomas · Filed Under Commercial 

July 15, 2014

thomas

737’s reliability and efficiency supports Okay Airways’ growth

First Chinese airline to fly 737-900ER

FARNBOROUGH, United Kingdom, July 14, 2014 /PRNewswire/ — Boeing (NYSE: BA) and Okay Airways announced an order today for six 737 MAX 8s and four Next-Generation 737-800s, valued at $980 million at current list prices.

Okay Airways, the first privately owned airline in China, also announced it will convert five 737-800s from a previous order into 737-900ERs (Extended Range). With today’s conversion announcement, Okay Airways will be the first airline in China to operate the 737-900ER and has eight of the airplanes on order.

“The 737 is the backbone of our fleet and has fueled our growth with its proven reliability and efficiency,” said Liu Weining, president, Okay Airways. “The addition of the new 737 MAX airplanes will help us explore new regional markets while strengthening our existing domestic routes.”

“We are honored to partner with Okay Airways once again, as the airline continues to modernize its fleet with Boeing’s 737 airplane family,” said John Wojick, senior vice president of Global Sales and Marketing, Boeing Commercial Airplanes. “The combination of Next-Generation 737-800s and 737 MAX 8 airplanes is a perfect fit for Okay Airways and will provide its fleet with market-leading efficiency, reliability and passenger comfort for many years to come.”

Okay Airways is headquartered in Beijing with its main hub at Tianjin Binhai International Airport. Its jetliner fleet includes 12 Boeing 737-800s and one Boeing 737-300 Freighter, which serves 40 domestic destinations.

The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 is 2.2 meters longer, providing customers with more flexibility and cost efficiency than the A320neo in the heart of the single-aisle market. Airlines operating the 737 MAX 8 will see an 8 percent operating cost per seat advantage over the A320neo. The 737 MAX has surpassed 2,000 orders from 42 customers worldwide, the most successful launch in Boeing history.

The 737-800 is the best-selling version of the highly successful Next-Generation 737 family, the most technologically advanced airplanes in the single-aisle market. The 737-900ER complements the 737-800s that many Next-Generation 737 customers already have in their fleets by providing 31 additional seats for more incremental revenue opportunity.

» Próximo Post - Boeing, Avolon Announce Commitment for 787 Dreamliners, Additional 737 MAXsLeasing company adds Dreamliner to portfolio with six 787-9s 737 MAX order book to increase to 20 airplanes FARNBOROUGH, United Kingdom, July 14, 2014 /PRNewswire/ — Boeing [NYSE: BA] and Avolon announced the leasing company’s commitment for six 787-9 Dreamliners and five additional 737 MAX 9 airplanes, valued at more than $2 billion at current list prices. This commitment marks Avolon’s first order for the efficient 787 Dreamliner and will increase the lessor’s 737 MAX portfolio to 20 airplanes. When finalized, the order will be posted on the Boeing Orders & Deliveries website. “Our investment strategy is focused on building a portfolio of young, modern and fuel-efficient commercial aircraft. This order for six Boeing 787-9 aircraft, when combined with our ongoing sale and leaseback investments in the 787 family, reflects our commitment to our customers to have a product offering built around the latest and most technically advanced aircraft available in the market,” said Domhnal Slattery, CEO of Avolon. “We are also pleased to reconfirm our commitment to purchase five Boeing 737 MAX 9 aircraft. The 737 has proven itself a hugely popular aircraft with airlines, investors and financiers worldwide,” said Slattery. “Avolon was one of the first three lessors to order the 737 MAX when we announced our original commitment in July 2012 and we are delighted to increase that commitment now, reflecting our confidence in the asset and our customers’ need to operate the most technologically advanced and fuel-efficient aircraft.” “We are thrilled that Avolon is committing to order the 787-9 Dreamliner and additional 737 MAXs,” said Boeing Commercial Airplanes president and CEO Ray Conner. “This addition to its portfolio reflects Avolon’s important role in the leasing industry and the market popularity of both the Dreamliner and 737 MAX.” The Boeing 787-9 Dreamliner is the second member of the super-efficient 787 family. Both the 787-8 and 787-9 bring the economics of large jets to the middle of the market, with 20 percent less fuel use and 20 percent fewer emissions than similarly sized airplanes and passenger-pleasing features. At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther. The 737 MAX has surpassed 2,000 orders from 42 customers worldwide, the most successful launch in Boeing history. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The largest in the 737 MAX family, the 737 MAX 9 offers the best fuel-efficiency per seat and will be 7 percent per trip less expensive to operate than its competitor, the A321neo.
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