777 Partners Confirms Purchase Order of 30 Addition 737 MAX Jets

Dec 7, 2021 By MarketDepth

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Boeing Co. (NYSE: BA) and 777 Partners have reported an additional order or 30 737 MAX Airplanes.  This new order expands the company’s commercial aircraft portfolio to 68 737 MAXs.  This is the fourth order this year for the jets.  The order is valued at USD 3.7 Billion and will allow the company to expand 737 MAX operations across its global fleet.  “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. “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 unrivalled.”

Fuel Usage Reduced

The 737 MAX reduces fuel use and carbon emissions by a minimum of 14% compared to the planes it replaces which allows for a reduction in operating costs.  “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. “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.”