18-Feb-2016 8:33 AM

Okay Airways and Boeing announce commitment for 12 737s

Okay Airways and Boeing announced (16-Feb-2016) a commitment for 12 737s, including eight MAX 8s, three 737 MAX 9s and one 737-900ER aircraft. The agreement, valued at USD1.3 billion at current list prices, is subject to the approval of the Chinese government and will be posted to Boeing's Orders & Deliveries website once all contingencies are cleared. Okay Airways chairman Wang Shusheng said: "We greatly value the ties we have built over the years with Boeing... The Boeing Next-Generation 737 has been the mainstay of our fleet since we started operations. The introduction of additional 737s, including the new 737 MAX, will further modernise our fleet and ensure we operate the most efficient fleet well into the future." This commitment will mark the first 737 MAX 9 order by a Chinese airline and bolsters Okay Airways' 737 MAX portfolio to 17 airplanes. Included as part of the agreement, Okay Airways have rights to exercise options for eight additional 737 MAX 8 aircraft. [more - original PR]

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