Boeing and Jeju Air announced an order for three Next-Generation 737-800s. The order, valued at nearly $300 million at current list prices, will become the airline's first direct-purchased airplanes from Boeing and fuel the airline's continued expansion within Asia's growing air travel market. The order was previously attributed to an unidentified customer on Boeing's Orders & Deliveries website.

Ken Choi, Chief Executive Officer of Jeju Air, said: "This acquisition is a major step in our growth strategy. We fully understand the benefits of owning and operating airplanes, which is what drove our decision to purchase these airplanes. We are confident that this order will enable Jeju Air to further strengthen our position as a leading low-cost carrier in Northeast Asia.“

Ihssane Mounir, Senior Vice President, Global Sales and Marketing of Boeing Commercial Airplanes, commented: "We are honored to partner with Jeju Air as they continue to strengthen their presence in the competitive Northeast Asian market.“

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SpiceJet, India’s second largest LCC, is close to signing a deal with Boeing, ordering 92 of the American plane makers 737 narrow-body jets, as reported by Bloomberg. The deal, worth around $10.1 billion, would significantly expand the carrier’s 49-strong fleet, making it easier to compete with the country’s largest airline IndiGo, which had ordered 200 jets from Airbus in 2015.
 

Jeju Air, based in South Korea was established as Korea's first low-cost carrier in 2005 and launched operations in 2006. The carrier currently serves 40 domestic and international routes with approximately 150 daily flights. The airline currently operates an all-Boeing fleet of 26 Next-Generation 737-800s.

According to Boeing, the 737-800 is the best-selling version of the highly successful Next-Generation 737 family. Jeju Air's new 737 will feature the Boeing Sky Interior, the 787 Dreamliner inspired cabin, larger window reveals, LED mood lighting and larger pivot overhead stowage bins.Boeing and Jeju Air announced an order for three Next-Generation 737-800s. The order, valued at nearly $300 million at current list prices, will become the airline's first direct-purchased airplanes from Boeing and fuel the airline's continued expansion within Asia's growing air travel market. The order was previously attributed to an unidentified customer on Boeing's Orders & Deliveries website.

Ken Choi, Chief Executive Officer of Jeju Air, said: "This acquisition is a major step in our growth strategy. We fully understand the benefits of owning and operating airplanes, which is what drove our decision to purchase these airplanes. We are confident that this order will enable Jeju Air to further strengthen our position as a leading low-cost carrier in Northeast Asia.“

Ihssane Mounir, Senior Vice President, Global Sales and Marketing of Boeing Commercial Airplanes, commented: "We are honored to partner with Jeju Air as they continue to strengthen their presence in the competitive Northeast Asian market.“

READ MORE:
 
SMBC Aviation Capital, an aircraft leasing companies announced that it has concluded a deal with a South Korean LCC Jeju Air for four Boeing 737-800 aircraft. This is the third portfolio deal that SMBC Aviation Capital has completed with Jeju Air over the past year and brings to eleven aircraft on lease to the airline.
 

Jeju Air, based in South Korea was established as Korea's first low-cost carrier in 2005 and launched operations in 2006. The carrier currently serves 40 domestic and international routes with approximately 150 daily flights. The airline currently operates an all-Boeing fleet of 26 Next-Generation 737-800s.

According to Boeing, the 737-800 is the best-selling version of the highly successful Next-Generation 737 family. Jeju Air's new 737 will feature the Boeing Sky Interior, the 787 Dreamliner inspired cabin, larger window reveals, LED mood lighting and larger pivot overhead stowage bins.