Seattle, Washington | August 25, 2017– Boeing [NYSE: BA] and Tokyo-based Japan Investment Adviser Co., Ltd., (JIA) [TSE: 7172] today finalized an order for 10 Boeing 737 MAX 8s airplanes, valued at $1.12 billion at current list prices.
The order was previously announced as a commitment at the 2017 Paris Air Show in June.
The new 737 MAX 8s are the first directly purchased airplanes for JIA and will help bolster the lessor’s growing fleet of next-generation aircraft.
“We are excited to introduce the new 737 MAX 8 airplane into our single-aisle fleet and we are confident that this airplane will diversify our operating lease portfolio in the years ahead,” said Naoto Shiraiwa, president and CEO of JIA. “The 737 MAX will provide us with a stronger competitive advantage in providing our future airline clients with reliable airplanes that make sense economically.”
JIA is an innovative Financial Solutions Provider, and is listed on the Tokyo Stock Exchange. Its Group activities include operating a lease business that manages a fleet of around 60 aircraft worldwide through its operating lease arm, JP Lease Products & Services (JLPS). The current managed fleet includes Next Generation Boeing 737s as well as Boeing 777s.
“We are honored to play an important role in the growth of JIA as a key player in the commercial leasing business within Asia,” said Ihssane Mounir, senior vice president of Global Sales and Marketing, Boeing Commercial Airplanes. “JIA has made the perfect selection for their new fleet strategy, as the 737 MAX provides operators with market-leading economics and reliability. We are proud to share this milestone with JIA as we continue to strengthen our partnership going forward.”
The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
Both sides eye new height in the partnership
Dublin, Ireland | March 13, 2017– Boeing [NYSE: BA] and CDB Aviation Lease Finance (CDB Aviation) announced an order today for 30 737 MAX 8 airplanes. The order, valued at $3.3 billion at current list prices, was previously unidentified on Boeing’s Orders & Deliveries website.
Both sides agreed to take this opportunity to broaden communication and strengthen cooperation in various fields, bringing the partnership to a new level.
“Our commitment to our customers is to provide them with the most efficient and reliable products,” said Peter Chang, President and Chief Executive Officer of CDB Aviation. “The 30 Boeing 737 MAXs in our portfolio provide the competitive advantages of fuel efficiency, reliability and passenger experience they are looking for in the single-aisle airplane.”
Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co LTD (CDB Leasing) (HKEX stock code:1606). With registered capital of $US50 million and a fleet of over 200 aircraft, CDB Aviation has over 10 years’ experience in the business and is one of the largest and most influential Chinese-owned aviation leasing companies.
“We are very pleased to expand our partnership with CDB Aviation with this announcement,” said Rick Anderson, vice president of Northeast Asia Sales, Boeing Commercial Airplanes. “As we work together with the new management team at CDB Aviation to address the opportunities presented in a rapidly growing market for commercial airplanes, we look forward to strengthening and growing our partnership in the very near future.”
The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. The 737 MAX will be 14 percent more fuel-efficient than today’s most efficient Next-Generation 737s – and 20 percent better than the original Next-Generation 737s when they first entered service. With broad market acceptance, the 737 MAX has more than 3,600 orders to date from 83 customers worldwide.
First 737 MAX family member on track for customer deliveries in coming months
Renton, WA | March 9, 2017– Boeing (NYSE: BA) announced today that the U.S. Federal Aviation Administration (FAA) has certified the 737 MAX 8 airplane for commercial service. Boeing is now in the final stages of preparing for the first 737 MAX 8 delivery to customers in the coming months.
To earn certification for the 737 MAX 8, Boeing undertook a comprehensive test program that began just over one year ago with four airplanes, plus ground and laboratory testing. Following a rigorous certification process, the FAA granted Boeing an Amended Type Certificate for the 737 MAX 8, verifying the design complies with required aviation regulations and is safe and reliable.
“This certification is a true testament to the dedication and commitment of our entire MAX team throughout the process, from airplane design to flight testing,” said Keith Leverkuhn, vice president and general manager, 737 MAX program, Boeing Commercial Airplanes. “The Renton team looks forward to delivering superior efficiency, reliability and design to our customers as they start to receive their 737 MAX aircraft in the next few months.”
The 737 MAX 8 is the first in the family to be developed and meets customer demand in the heart of the single-aisle market. The 737 MAX 8 reduces fuel use and CO2 emissions by an additional 14 percent over today’s most fuel-efficient single-aisle airplanes.
The 737 MAX family of aircraft is designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. The MAX 8 and 9 will be followed in 2019 by the smaller MAX 7 and higher capacity MAX 200, while studies and discussion continue with customers on growing the family.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. It is the fastest-selling airplane in Boeing history, accumulating more than 3,600 orders to date from 83 customers worldwide.
- Deal includes 100 additional 737 MAX 8s; 50 purchase rights
- All-Boeing jet operator continues to grow fleet with more 737 MAXs
- Largest order in low-cost carrier’s history
New Delhi, India | January 13, 2017– Boeing [NYSE: BA] and SpiceJet announced today a commitment for up to 205 airplanes during an event in New Delhi.
Booked at the end of 2016, the announcement includes 100 new 737 MAX 8s, SpiceJet’s current order for 42 MAXs, 13 additional 737 MAXs which were previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website, as well as purchase rights for 50 additional airplanes.
“The Boeing 737 class of aircraft has been the backbone of our fleet since SpiceJet began, with its high reliability, low operation economies and comfort,” said Ajay Singh, Chairman and Managing Director, SpiceJet. “With the next generation of 737 and the 737 MAX we are sure that we can be competitive and grow profitably.”
SpiceJet, all-Boeing jet operator, placed its first order with Boeing in 2005 for Next-Generation (NG) 737s and currently operates 32 737 NGs in its fleet.
“We are honored to build upon more than a decade of partnership with SpiceJet with their commitment of up to 205 airplanes,” said Ray Conner, Vice Chairman, The Boeing Company. “The economics of the 737 MAXs will allow SpiceJet to profitably open new markets, expand connectively within India and beyond, and offer their customers a superior passenger experience.”
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The new airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class – 8 percent per seat less than its nearest competitor.
Seattle, WA | January 4, 2017–
Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today an order for 75 737 MAX 8 airplanes.
The order, booked in December, is valued at $8.25 billion at current list prices. The follow-on order increases the GECAS firm order book for the 737 MAX to 170 airplanes, the largest of any aircraft leasing company.
“These new orders will enable GECAS to serve our clients’ needs — assisting in managing their fleets, transitioning aircraft and providing new equipment,” said Alec Burger, President and Chief Executive Officer, GECAS. “Our customers want the latest technology and fuel efficiency, and the CFM International LEAP-1B engines on these aircraft deliver outstanding productivity and reliability in the single-aisle market.”
“When it comes to demand, this order shows the MAX 8 remains at the heart of the single-aisle market,” said Brad McMullen, vice president, North America and Leasing Sales, Boeing Commercial Airplanes. “We appreciate the confidence GECAS has in the 737 MAX, and look forward to seeing the airplanes placed with carriers all over the world.”
To date, the 737 MAX has accumulated 3,419 orders, making it the fastest-selling airplane in Boeing history.
- $16 billion milestone agreement includes widebody, single-aisle aircraft
- Contract reached within terms of U.S. Government license
- New orders will support nearly 100,000 U.S. jobs
Seattle, WA | December 11, 2016– Boeing [NYSE: BA] and Iran Air announced an agreement today for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.
Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September.
Boeing coordinated closely with the U.S. Government throughout the process leading up to the sale and continues to follow all license requirements as it moves forward to implement the sales agreement.
Today’s agreement will support tens of thousands of U.S. jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 U.S. jobs in the U.S. aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018.
Boeing and its more than 13,600 U.S. supplier and vendor partners across all 50 states are proud to ensure America continues to lead in global aerospace and to create jobs and opportunities in communities across the nation. Boeing’s U.S. supply chain currently supports more than 1.5 million U.S. jobs.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel efficient than today’s most efficient Next-Generation 737s. The first 737 MAX is scheduled to enter service in 2017.
The 777-300ER is the most fuel and cost-efficient airplane in its class as well as the most reliable twin-aisle aircraft in the world. It also has the highest cargo capacity of any passenger airplane. To date customers worldwide have ordered more than 800 777-300ERs.
The 777X builds on the passenger-preferred and market-leading 777, as well as offering more market coverage and revenue capability than the competition. The 777X will include new engines, an all-new composite wing and will leverage technologies from the 787 Dreamliner. The first 777X is scheduled to enter service in 2020.
The order will be posted on Boeing’s Orders & Deliveries website as contingencies are cleared.
Farnborough, UK | July 11, 2016– Boeing [NYSE: BA] and Donghai Airlines announced today the airline’s intent to purchase 25 737 MAX 8s and five 787-9 Dreamliners at the 2016 Farnborough International Airshow. The agreement is valued at more than $4 billion at current list prices.
Shenzhen-based Donghai Airlines previously ordered 15 Next-Generation 737-800s and 10 737 MAX 8s in 2013. Donghai continues to fulfill its strategic plan to convert its business model from cargo services to passenger services.
“Donghai Airlines has undergone steady development over the past 10 years since the beginning of our freighter operations in 2006,” said Mr. Wong Cho-Bau, Chairman, Donghai Airlines. “Under China’s One Belt One Road initiative, we will accelerate our fleet expansion plan to satisfy the rapidly growing air travel market and help build our home base Shenzhen as the transportation hub in southern China. We’re committed to introducing new next-generation airplanes that deliver the industry-leading fuel efficiency and passenger comfort in their segment market as a key effort to fulfill the plan.”
Boeing will work with Donghai Airlines to finalize the details of the agreement. The order will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.
“We are honored by Donghai Airline’s reaffirmation of the 737 MAX, and we look forward to welcoming Donghai as our new 787 customer,” said Boeing Commercial Airplanes President & CEO Ray Conner. “These new airplanes will provide Donghai Airlines with the added efficiency, operating economics and passenger comfort for their business growth domestically and internationally.”
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 787-9 Dreamliner can fly 290 passengers up to 14,140 kilometers in a typical two-class configuration. The airplane will deliver unmatched fuel efficiency to Donghai airlines, enabling the carrier to expand the range and quantity of services on long-haul market.
Donghai Airlines started freighter operations in 2006. The carrier expanded to offer passenger services in 2014. Donghai Airlines currently has a fleet of 11 Boeing 737-800s serving for more than 10 cities across China. With extended air route network, the Shenzhen-based carrier is making great efforts to build a modern medium-scale airline with high quality.
- New single-aisle airplane rolls out of paint in striking livery
- Program prepares for flight test to begin in early 2016
Renton, WA | December 8, 2015– Today, thousands of Boeing (NYSE: BA) employees in Renton, Wash., celebrated the completion of final assembly of the first 737 MAX 8.
“Today marks another in a long series of milestones that our team has achieved on time, per plan, together,” said Keith Leverkuhn, vice president and general manager, 737 MAX, Boeing Commercial Airplanes. “With the rollout of the new 737 MAX – the first new airplane of Boeing’s second century – our team is upholding an incredible legacy while taking the 737 to the next level of performance.”
The production-complete airplane rolled out of the Renton factory and into the paint hangar on Nov. 30, the precise date determined when the MAX development schedule was defined more than four years ago. Today the freshly painted 737 MAX 8, named the Spirit of Renton, was revealed to employees in a special teal version of the Boeing livery. After celebrations are complete, the airplane will undergo pre-flight preparation in the factory before departing for Renton Field to continue flight test readiness. The airplane is on track for first flight in early 2016.
With the second and third 737 MAX 8 flight test airplanes currently in final assembly and the fourth (and final) in sub-assembly, the 737 MAX remains on track for first delivery to launch customer Southwest Airlines in the third quarter of 2017.
The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs: 8 percent per seat less than the A320neo.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Boeing-designed Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 is the first member in Boeing’s new family of single-aisle airplanes – the 737 MAX 7, MAX 8, MAX 200 and MAX 9 – to begin production. The 737 MAX family has nearly 3,000 orders from 60 customers worldwide.
- New airplanes to increase efficiency; support airline’s fleet replacement strategy
Dubai, UAE | November 9, 2015– Boeing [NYSE: BA] and Jet Airways, India’s premier international airline, announced an order for 75 737 MAX 8 airplanes at the 2015 Dubai Airshow today.
The announcement marks the largest order in Jet Airways’ history and supports the airline’s replacement strategy to have the most modern and environmentally progressive airplane fleet. The order, previously attributed to an unidentified customer, includes conversions of 25 Next-Generation 737s to 737 MAX 8s, as well as options and purchase rights for an additional 50 aircraft.
“Incorporating the latest design and technology features, the highly efficient 737 MAX will allow us to drive our operational efficiency and reaffirms our commitment to providing a best-in-class full service travel experience to our guests,” said Naresh Goyal, chairman of Jet Airways. “This order is an endorsement of our confidence in the long-term prospects of the Indian aviation sector, which reflects the positive forecast for the country’s economy and offers tremendous potential for growth and development.”
“Boeing is proud that Jet Airways will be the first airline in India to take delivery of the 737 MAX,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The 737 MAX will bring new standards for fuel efficiency and economics, and a premium passenger experience to Jet Airways.”
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class – 8 percent per seat less than its nearest competitor.
Flag carrier reconfirms 50 737 MAX 8 order
Paris Air Show, Le Bourget, France | June 15, 2015– Boeing [NYSE: BA] and Garuda Indonesia announced today the airline’s intent to purchase 30 787-9 Dreamliners, as well as up to 30 737 MAX 8 airplanes. Boeing will work with Garuda Indonesia to finalize the order, at which time it will be posted to Boeing’s Orders & Deliveries website.
“The agreement is part of Garuda Indonesia’s revitalization program in order to provide our passengers with the best possible experience with the youngest fleet in the sky and to support the airline’s future plan to further expand its network globally. The 787 Dreamliner and 737 MAX are extraordinary airplanes with exceptional economics that will keep us competitive and bring a new level of service excellence for our customers,” said Arif Wibowo, Garuda Indonesia, President and CEO.
In addition to the announcement today, the flag carrier also reconfirmed its intent to purchase 50 737 MAX 8s, originally announced in October 2014. The airline currently operates more than 90 Boeing airplanes, including Next-Generation versions of the 737, 777-300ERs and 747-400s.
“Boeing and Garuda have been partners in aviation for more than 35 years and we are honored to work together again as they expand and continue to renew their fleet,” said Ray Conner, President and CEO of Boeing Commercial Airplanes. “The 787-9 and 737 MAX will be a great complement to Garuda’s current Boeing airplanes, providing them with additional capability and superior economics and their customers with an exceptional flying experience.”
The 787-9 leverages the passenger-pleasing design of the 787 family, with features such as the industry’s largest windows, large stow bins, modern LED lighting, higher humidity, a lower cabin altitude, cleaner air and a smoother ride. With the fuselage stretched by 6 meters (20 feet) over the 787-8, the 787-9 can fly up to 40 more passengers an additional 830 kilometers (450 nautical miles) with the same exceptional environmental performance – 20 percent less fuel use and 20 percent fewer emissions than the airplanes they replace.
The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see an 8 percent per seat operating cost advantage over the A320neo.
Garuda Indonesia seamlessly connects 76 destinations worldwide to not only one of the largest economies in Southeast Asia, but also an array of exotic locations in the beautiful archipelago of Indonesia all at once. With close to 600 daily flights and a fleet of 169 aircraft with the average age of less than five years old, Garuda Indonesia proudly serves its passengers with the award-winning “Garuda Indonesia Experience” service, which highlights Indonesia’s warm hospitality and rich diverse culture.
The airline continuously strives, through its ongoing transformation program, to provide better and more convenient services with one of the youngest fleets in the sky, which should grow to around 185 aircraft by 2015. The progress of Garuda Indonesia’s transformation program can be seen from achieving a Skytrax’s 5-star airline rating, ranked as the 7th best airline in the world in the 2014, as well as winning the prestigious “The World’s Best Cabin Crew” award in 2014 and “The World’s Best Economy Class” award in 2013, also from Skytrax. Garuda Indonesia is a member of SkyTeam, the global airline alliance with 20 members, providing access to an extensive global network with over 16,320 daily flights to 1,052 destinations in 177 countries.
- Carrier takes delivery of its 44th aircraft
- Average age of fleet is 3.1 years
- Carrier takes delivery of 6 more aircraft by end of 2015
Dubai | February 5, 2015– flydubai recently took delivery of its 44th Next-Generation Boeing 737-800 aircraft. The vision of the UAE Government together with its focus on the development of world-class infrastructure has enabled flydubai to grow its fleet, one of the youngest in the skies today, with an average of 3.1 years.
This first delivery in 2015 will see flydubai realise its original business plan as it will receive its 50th aircraft later this year. The continued investment in the aviation sector in the UAE will ensure that flydubai is well positioned to take delivery of its next order of 111 new aircraft which will be used to further enhance connectivity to and from Dubai over the next few years.
Notes to editor
flydubai’s current fleet Size:
44 Next-Generation Boeing 737-800 aircraft from an order of 50 at the Farnborough Airshow in 2008.
The first order of 50 aircraft was valued at USD 4 billion at current list price.
flydubai has received 8 Next-Generation Boeing aircraft in 2014 and the first aircraft for 2015.
The remaining aircraft from its 2008 order will be fulfilled by 2015 .
flydubai’s latest aircraft order:
75 Boeing 737 MAX 8 and 11 Next-Generation Boeing 737-800 aircraft ordered at the Dubai Airshow 2013.
flydubai retains purchase rights for an additional 25 737 MAX 8 aircraft.
The order for 75 737 MAX 8s, 11 Next-Generation 737-800s valued at USD 8.8 billion at current list price.
With the 25 optional, it can go up to USD 11.4 billion.
The first aircraft, the 11 Next-Generation Boeing 737-800s from this order, will be delivered between 2016 and 2017.
Deliveries of the first Boeing 737 MAX will commence in the second half of 2017 and continue until the end of 2023.
About flydubai:
Dubai-based flydubai strives to remove barriers to travel and enhance connectivity between different cultures across its ever-expanding network. Since launching its operations in 2009, flydubai has:
• Created a network of 89 destinations, with 23 new routes launched in 2014.
• Opened up 56 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.
• Built up a fleet of 44 new Next-Generation Boeing 737-800 aircraft and will take delivery of more than 100 Boeing aircraft by the end of 2023.
In addition, flydubai’s agility and flexibility as a young airline has enhanced Dubai’s economic development, in line with the Government of Dubai’s vision, by creating trade and tourism flows in previously underserved markets.
For more information about flydubai services, please visit flydubai.com.
- Order includes 50 737 MAX 8s, 30 Next-Generation 737-800s, two 777-300ERs
- Largest airplane order in BOC Aviation’s history
Singapore | August 25, 2014/PRNewswire/– Boeing (NYSE: BA) announced today an order by BOC Aviation for 50 737 MAX 8s, 30 Next-Generation 737-800s and two 777-300ERs (Extended Range). The order, valued at $8.8 billion at list prices, is the largest in BOC Aviation’s 20-year history and part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes.
“Following the successful placement of the 50 Next Generation 737 aircraft that we ordered in 2006, this is a continuation of our commitment to be responsive to airline customers which are expanding or replacing older fleets,” said Robert Martin, managing director and chief executive officer, BOC Aviation. “The 737 is known for its operational and fuel efficiency, and BOC Aviation expects healthy demand for the Next Generation 737 and 737 MAX variants in the next seven years.”
The order adds to BOC Aviation’s fleet, which is among the youngest in the leasing industry with an average of less than four years.
“BOC Aviation has established a proven track record in the airplane leasing industry,” said Dinesh Keskar, senior vice president Asia Pacific and India Sales, Boeing Commercial Airplanes. “They have played an important role in the success of the Next-Generation 737 and the 777-300ER in the leasing market by helping place the airplanes with airlines worldwide. We’re excited about our continued relationship with BOC Aviation and look forward to working with them on the new 737 MAX.”
The Next-Generation 737-800 is the best-selling version of the highly successful Next-Generation 737 family, because of its ability to deliver outstanding, dependable operational and financial performance across the widest wide range of missions. 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 777-300ER extends the 777 family’s span of capabilities, bringing twin-engine efficiency and reliability to the long-range market. The airplane can fly up to 7,825 nautical miles (14,490 kilometers) and is equipped with GE90-115BL engines, the world’s most powerful commercial jet engine.
- Net commercial orders for 2014 rise to 783
Farnborough, UK | July 17, 2014/PRNewswire/– Boeing (NYSE: BA) marked 40 years as an exhibitor at the Farnborough International Airshow this week by highlighting its innovative, efficient commercial airplanes and its advanced defense capabilities.
Boeing announced a new 200-seat 737 MAX 8 option that will give airlines up to 11 more seats of revenue. This latest addition to Boeing’s comprehensive product and services line-up will deliver 20 percent fuel-consumption savings compared to today’s Next-Generation 737.
Boeing also announced new details about the interior of the 777X. The new model will build on the award-winning interior of today’s 777 and apply 787 Dreamliner cabin innovations: higher cabin humidity, windows more than 15 percent larger and a cabin that is 16 inches (40.6 cm) wider than the competition, allowing airlines a variety of economy class seat widths.
Boeing unveiled its new Maritime Surveillance Aircraft at Farnborough. The aircraft, based on a Bombardier Challenger 605 business jet, will provide customers with maritime and overland surveillance, anti-piracy, coastal security and search-and-rescue capabilities.
Boeing signed a memorandum of collaboration with Paramount Group to jointly develop defense and security opportunities in key international markets. Paramount Group is Africa’s largest privately owned defense and aerospace business.
Customers demonstrated their strong confidence in the family of Boeing commercial products, announcing orders and commitments for 201 Boeing airplanes valued at more than $40.2 billion at list prices. Additional orders announced this week will be posted today on Boeing’s Orders & Deliveries website, bringing the number of net orders for 2014 to 783.
“Over 40 years of exhibiting at Farnborough, Boeing has consistently demonstrated its commitment and drive to innovate and develop game-changing products, equipment and services across the commercial and defense sectors,” said Charlie Miller, vice president of International Communications. “Farnborough 2014 was filled with excitement and enthusiasm among our customers, partners and suppliers and strong endorsement of our product line with commercial orders that bring our tally this year to 783.”
Boeing products flying at the show include the new 787-9 Dreamliner, the P-8A Poseidon — a military derivative of the company’s Next-Generation 737-800 — and the multi-role F/A-18E/F Super Hornet strike fighter.
Two aircraft from the Boeing-Royal Aeronautical Society “Schools Build a Plane Challenge” will arrive at the show later today. This initiative provides young people in UK secondary schools with the opportunity to learn new skills by building an operational light aircraft from a kit. The two airplanes are scheduled to participate in the flying display on Friday and remain on static display for the public demonstration events.
- Commitment for 30 737 MAX 8s marks fleet transition for U.K.-based carrier to Boeing airplanes
Farnborough | July 14, 2014/PRNewswire/– Boeing [NYSE:BA] and Monarch Airlines today announced that the two companies are finalizing terms and working towards a Purchase Agreement for 30 737 MAX 8s, marking the start of a fleet transition for Monarch to Boeing single-aisle airplanes.
The order, valued at $3.1 billion at current list prices, will be posted to the Boeing Orders & Deliveries website when finalized.
“Today’s announcement is an important milestone in an exhaustive three year evaluation process, and a key part of The Monarch Group’s transformation and renewal,” said Iain Rawlinson, Executive Chairman, The Monarch Group. “Boeing truly understood our business and put together a complete package that fits extremely well with our ambitions for the Group. With this announcement, we begin another chapter in our long and fruitful relationship with Boeing, something which now stretches over 40 years.”
“Having reviewed all of the options in the marketplace, we concluded that the Boeing 737 MAX 8 is the aircraft that best fits our future route network strategy, enabling us to tightly control our unit costs whilst offering a superior service to our customers,” said Andrew Swaffield, Managing Director, Monarch Airlines.
“We are delighted that Monarch intends to structure its future fleet around the 737 MAX,” said Boeing Commercial Airplanes president and CEO Ray Conner. “We look forward to finalizing the order and can’t wait to see the Monarch livery on 737s once again. Today is a proud moment for everyone at Boeing, as we welcome back a prestigious U.K. operator. We are confident that the 737 MAX will play a significant role in Monarch’s continued success.”
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 737 MAX 8 provides customers with more flexibility and cost efficiency than the competition 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. In addition to lower fuel use, the 737 MAX reduces the operational noise footprint by 40 percent compared to today’s airplane.
Headquartered at London Luton Airport, but also operating from five other U.K. bases, Monarch predominantly serves holiday destinations around the Mediterranean and the Canary Islands as well as European ski resorts. Founded in 1968, the British carrier’s passenger numbers reached nearly 7 million in 2013, a record for the airline, with a fleet made up of more than 40 airplanes.
- 200-seat version of 737 MAX 8 now being offered to customers
- Widebody lineup is most comprehensive in the industry
Farnborough | July 14, 2014/PRNewswire/– Boeing [NYSE: BA] continues to expand its product lineup, announcing a 200-seat version of the 737 MAX 8 at the Farnborough International Airshow. This option gives airlines 11 more seats of potential revenue.
“This new 200-seat 737 MAX 8 ensures we’ll retain our leadership in comfort, capacity and lower operating costs in the heart of the single-aisle market,” said Boeing Commercial Airplanes president and CEO Ray Conner. “With this increase in capacity and confidence in our engine and airplane testing, we’re on track to deliver a 20 percent more fuel efficient product than today’s Next-Generation 737.”
The 200-seat 737 MAX 8 is the latest addition to Boeing’s comprehensive product and services lineup. It follows last year’s successful launch of the 787-10 Dreamliner and the 777X to complete the industry’s most efficient widebody airplane lineup.
Boeing’s 787-9 Dreamliner will be featured in the flying display at this year’s air show, only days after the first delivery of the 787-9 to Air New Zealand.
“Our current and future widebody products leave no gaps in the market. Now that we’ve positioned ourselves for future growth, we’re focused on executing on our plans and production rate increases—delivering superior value to our customers,” added Conner.
To meet demand, Boeing is now delivering the 737, 777 and 787 at record production rates, with future increases already announced.
Going into the Farnborough International Airshow, Boeing has booked 649 net orders—including an order from Emirates for 150 777Xs finalized last week.
“The market for commercial airplanes is stronger than ever, and we’re doing everything we can to get Boeing products into the hands of our customers as soon as possible,” said Conner.