Tag Archives: 737 MAX 8

Air Lease orders six Boeing 777-300 ERs and 20 737 MAX 8s

Boeing (Chicago and Seattle) and Air Lease Corporation (ALC) (Los Angeles) announced today an order for 26 airplanes – six 777-300 ER (Extended Range) and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices.

This 737 MAX order for 20 airplanes, valued at more than $2 billion at current list prices, brings Air Lease Corporation’s combined orders for the 737 MAX to 104 airplanes. The 777-300 ER order, valued at more than $1.9 billion at current list prices, marks the 100th 777 order from ALC Chairman and CEO Steven Udvar-Hazy during his career in the industry.

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 will see an 8 percent operating cost per seat advantage over tomorrow’s competition. The 737 MAX has surpassed 2,000 orders from 42 customers, the fastest selling airplane in history.

Image: Boeing.

Okay Airways (OKAir) orders six Boeing 737 MAX 8s and four 737-800s, will also operate the 737-900ER

Boeing (Chicago and Seattle) and Okay Airways (stylized as OKAir) (Tianjin) announced an order today for six 737 MAX 8s and four Next-Generation 737-800s, valued at $980 million at current list prices.

Okay Airways, the first privately owned airline in China, also announced it will convert five 737-800s from a previous order into 737-900 ERs (Extended Range). With today’s conversion announcement, Okay Airways will be the first airline in China to operate the 737-900 ER and has eight of the airplanes on order.

Okay Airways is headquartered in Beijing with its main hub at Tianjin Binhai International Airport. Its jetliner fleet includes 12 Boeing 737-800s and one Boeing 737-300 Freighter, which serves 40 domestic destinations.

Image: Boeing.

OKAir:

Monarch Airlines will continue to be a Boeing customer, preparing to finalize an order for 30 737 MAX 8s

Boeing (Chicago and Seattle) and Monarch Airlines (London-Luton) 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.

According to Boeing, “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.

Monarch had been adding Airbus A320 Family aircraft so this is an important switchover catch for Boeing.

In the meantime, Monarch releases this statement:

The Monarch Group, the UK’s leading independent travel group, today announces that it has chosen Boeing as its preferred bidder for its narrow-bodied fleet replacement. The Group is in the process of finalizing terms and working towards signing a Purchase Agreement with Boeing for the purchase of 30 Next Generation Boeing 737 MAX 8 aircraft, with options on a further 15 aircraft.

The announcement with Boeing represents the latest major milestone in the transformation and renewal of The Monarch Group, and is integral to realizing the opportunity for Monarch Airlines to differentiate itself in its market whilst bringing back warmth and a personal touch to European air travel.

Iain Rawlinson, Executive Chairman of the Monarch Group, said: “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. 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.”

Andrew Swaffield, Managing Director of Monarch Airlines, said: “I joined Monarch Airlines because I saw that it has a unique brand, and exceptional people. We see an opportunity to bring back warmth and a personal touch to a very commoditised European aviation market. Our size enables us to deliver on this promise. With this fleet replacement we are choosing the correct number of aircraft and the correct size of aircraft to help us create a year round efficient European operation which maximizes profitability. Our process has been rigorous and fair and I am delighted to have been given the opportunity to lead it to a successful conclusion.

“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.”

Image: Boeing.

Monarch Airlines:

Turkish Airlines finalizes its order for 15 Boeing 737 MAX 8s

Turkish Airlines (Istanbul) and Boeing (Chicago and Seattle) today (June 16) finalized an order for 15 additional 737 MAX 8s, valued at $1.6 billion at list prices. The order follows the announcement in May 2013 when the Turkish flag carrier placed the largest Boeing order in the airline’s history for 50 737 MAXs and 20 Next-Generation 737s.

With today’s announcement, Turkish Airlines has more than 100 unfilled orders for Boeing airplanes; 65 737 MAXs, more than 25 Next-Generation 737s and 20 777-300ER (Extended Range) airplanes. The Istanbul-based carrier currently operates a fleet of more than 100 Next-Generation 737s and 15 777-300ERs.

The 737 MAX has surpassed 2,000 orders from 41 customers, bringing the most advanced engine technologies to the world’s best-selling airplane, building on the strengths of today’s Next-Generation 737. 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. Airlines operating the 737 MAX will see an 8 percent operating cost per seat advantage over tomorrow’s competition.

Turkish Airlines currently serves 254 cities in 106 countries around the world from its base at Istanbul’s Ataturk Airport.

Turkish Airlines:

The new Eastern orders 10 Boeing 737-800s

Eastern Air Lines Group, Inc. (2nd) (Miami) has signed an initial order and placed deposits with the Boeing Company for ten (10) firm Next Generation 737-800 aircraft and purchase rights for ten (10) Boeing MAX 8 aircraft.

“Eastern is extremely honored and privileged to be in business with Boeing once again. Eastern’s strong relationship with Boeing dates back to the 1930’s, and later Eastern was the first airline to order and operate both the Boeing 727 and 757 aircraft. We will now proudly have the Boeing 737 Next Generation, and eventually the MAX aircraft, as our fleet standard,” said Edward J. Wegel, Eastern’s President and CEO.

Image: Eastern Air Lines Group.

Eastern Airlines (1st):

Comair of South Africa orders eight Boeing 737 MAX aircraft

Comair Limited (British Airways) (Johannesburg) and Boeing (Chicago and Seattle) today announced an order for eight 737 MAX 8s, valued at $830 million at list prices. It is the first 737 MAX order announcement for an African operator. The order was booked in December 2013 and was previously unidentified on the Boeing Orders & Deliveries website.

Johannesburg-based Comair operates Africa’s first low cost carrier, kulula.com (Johannesburg), offering flights to South Africa’smajor cities. Comair is also the franchise partner of British Airways, operating its local and regional Southern African routes. The company currently flies an all-Boeing fleet of 25 Classic and Next-Generation 737s on its kulula.com and British Airways (operated by Comair) brands. The order for eight 737 MAX 8s will support future fleet renewal and expansion.

With today’s announcement Comair will have a total of 12 airplanes on order from Boeing, including the eight 737 MAX 8s and four Next-Generation 737-800s for delivery in 2015 and 2016. Since its announcement in 2011, the 737 MAX has amassed more than 1,800 orders worldwide.

Top Copyright Photo: Paul Denton/AirlinersGallery.com. Operating under the British Airways franchise agreement, Boeing 737-85R ZS-ZWI (msn 30403) arrives back at Comair’s Johannesburg base.

Comair (South Africa):

Kulula:

Bottom Copyright Photo: Rainer Bexten/AirlinersGallery.com. Boeing 737-86N ZS-ZWP (msn 28612) in the humorous “flying 101” special livery approaches the runway at Johannesburg.

SpiceJet orders 42 Boeing 737 MAX 8s

SpiceJet (Delhi) and Boeing (Chicago and Seattle) have announced at the India Aviation 2014 show an order for 42 737 MAX 8s. The order, previously listed as unidentified on the Boeing Orders & Deliveries website, is valued at $4.4 billion at list prices.

Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. Already a market success, the 737 MAX has accumulated more than 1,800 orders to date and will have 8 percent lower per-seat operating costs than the future competition.

With this announcement, SpiceJet has ordered 90 airplanes directly from Boeing, which includes the 737-800, 737-900 ER and now the 737 MAX. To date, SpiceJet has taken delivery of 31 of the airplanes.

SpiceJet:

Nok Air commits for eight Boeing 737-800s and seven 737 MAX 8s

Nok Airlines Public Company Limited (Nok Air) (Bangkok) and Boeing (Chicago and Seattle) have announced from the Singapore Airshow a commitment to order eight Next-Generation 737-800s and seven 737 MAX 8s. The commitment, valued at $1.45 billion at list prices, will establish Nok Air as the first airline in Thailand to operate the 737 MAX.

Boeing will work with the Bangkok-based airline to finalize the details of the agreement, at which time the order will be posted to the Boeing Orders & Deliveries website. While Nok Air currently operates a fleet of 14 Next-Generation 737s, this will mark the airline’s first direct order with Boeing.

Copyright Photo: Keith Burton/AirlinersGallery.com. Boeing 737-83N HS-DBH (msn 32614) departs from Bangkok (Don Mueang) base.

Nok Air (view the colorful liveries): CLICK HERE

GECAS orders 20 737 MAX 8s and 20 Next-Generation 737-800s

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, announced today an order for 40 737s. The order, with a list-price value of approximately $3.9 billion, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s.

The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the 737NG to 387 airplanes, the most for both models by any company in the leasing industry.

Air Canada switches back to Boeing for its narrow body fleet, plans to order up to 109 Boeing 737 MAX aircraft

Air Canada (Montreal) has announced its mainline narrowbody fleet renewal plan that includes commitments, options and rights to purchase up to 109 Boeing 737 MAX aircraft. The new aircraft will replace Air Canada’s existing mainline fleet of Airbus narrowbody aircraft, creating one of the world’s youngest, most fuel efficient and simplified airline fleets.

The agreement with Boeing, which is subject to completion of final documentation and other conditions, includes firm orders for 33 737 MAX 8 and 28 737 MAX 9 aircraft with substitution rights between them as well as for the 737 MAX 7 aircraft. It also provides for options for 18 aircraft and rights to purchase an additional 30. Deliveries are scheduled to begin in 2017 with 2 aircraft, 16 aircraft in 2018, 18 aircraft in 2019, 16 aircraft in 2020 and 9 aircraft in 2021, subject to deferral and acceleration rights.

“We are pleased to announce our agreement with Boeing for the purchase of 737 MAX aircraft as part of the ongoing modernization of Air Canada’s fleet,” said Calin Rovinescu, President and CEO of Air Canada. “Renewal of our North American narrowbody fleet with more fuel efficient aircraft is a key element of our ongoing cost transformation program and the enhanced passenger cabin comfort provided by the Boeing MAX will help us to retain Air Canada’s competitive position as the Best Airline in North America. Our narrowbody fleet renewal program is expected to yield significant cost savings. We have estimated that the projected fuel burn and maintenance cost savings on a per seat basis of greater than 20 per cent will generate an estimated CASM reduction of approximately 10 per cent as compared to our existing narrowbody fleet.”

Air Canada continues to evaluate the potential replacement of its Embraer ERJ 190 fleet with more cost efficient, larger narrowbody aircraft that are better suited to its current and future network strategy. Consistent with this strategy, the agreement with Boeing provides for Boeing to purchase up to 20 of the 45 Embraer ERJ 190 aircraft currently in Air Canada’s fleet. The E190 aircraft exiting the fleet will be initially replaced with larger narrowbody leased aircraft until the airline takes delivery of the Boeing 737 MAX aircraft. The company will be reviewing various options over the next six months for the remaining 25 Embraer E190 aircraft including continuing to operate them or replacing them with a yet to be determined number of aircraft in the 100 to 150 seat range.

Air Canada’s plan is for its total fleet including Air Canada rouge™, excluding aircraft flown by its contracted regional carriers, to grow from 192 aircraft as at September 30, 2013 to approximately 214 by the end of 2019, on a pro forma basis. Additionally, for further growth flexibility, Air Canada has 13 options and rights to purchase 10 Boeing 787 aircraft, rights to purchase 13 Boeing 777 aircraft as well as the 18 options and 30 purchase rights for Boeing MAX aircraft.

Images: Boeing.