Boeing announced that Miami-based investment firm 777 Partners has ordered an additional 30 737 MAX jets.
This order expands the commercial aircraft portfolio to a total of 68 737 MAXs. This is the fourth order of 777 Partners for the 737 MAX, known for its fuel-efficient, single-aisle jets.
Valued at $3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated global low-cost carriers.
Among 777 Partners’ affiliated low-cost carriers are Bonza, Australia’s newest low-cost airline, Flair Airlines, Canada’s first ultra low-cost carrier.
Compared to 777 Partners’ existing aircraft that it will replace, the 737 MAX family reduces fuel use and carbon emissions by at least 14% ,reducing operating costs as well as environmental footprint.
“We’re delighted to be able to announce the almost doubling in size of our order with Boeing,” said Josh Wander, managing partner of 777 Partners in Boeing’s online statement.
“We have long been confident in the economics of the 737 MAX family but we are especially excited about the 737-8-200 variant which represents the bulk of our additional orders. We’re confident that this aircraft will be the hallmark ULCC/LCC asset, particularly in the sub-200 seat market. As travel demand returns, 777 has accelerated our quest for efficiencies in both operating cost and carbon footprint at our operating carriers. . In these areas the 737-8 is compelling and the 737-8-200 is simply unrivaled.”
“We greatly appreciate 777 Partners for their trust in our products, including repeat orders for the 737 MAX and expanding their fleet to include the high-capacity 737-8-200 model,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing in the same statement.
“777 Partners is enabling growth for its affiliated low-cost carriers by leveraging the 737 family’s flexibility, reliability and efficiency to serve passengers for years to come.”