Tag Archives: Boeing 737 MAX 8

Norwegian continues its fleet renewal

Norwegian´s fully owned subsidiary Arctic Aviation Assets (AAA) has ordered two new Boeing 737 MAX aircraft. In addition, AAA today signed a Letter of Intent (LOI) for a sale-leaseback transaction of 11 Boeing 737-800 aircraft currently operated by Norwegian.

Norwegian has exercised its options to order two new Boeing 737 MAX aircraft that will be delivered during 2018. Following this announcement, AAA now has a firm order of 110 Boeing 737 MAX aircraft and 90 remaining purchase options.The LOI for sale-leaseback of 11 aircraft is expected to reduce the Norwegian Group’s financial net debt by approximately NOK 1.4 billion based on the currency exchange rate NOK/USD of 8.5.

On May 4, 2017, Norwegian announced the sale-leaseback of eight new Boeing 737-800 aircraft to be conducted in the second quarter. Following the sale of 19 aircraft (eight new deliveries and 11 existing), the Norwegian Group estimates a positive net cash flow impact on of approximately NOK 2.3 billion. These aircraft will be leased back to Norwegian me.

“By selling some of our older 737-800 aircraft and ordering two additional 737 MAX aircraft, we are taking another step towards replacing our current fleet with even more fuel efficient and more environmentally friendly aircraft. This allows us to enhance our operation and reap financial benefits. Norwegian’s strategy is to operate and own the newest state-of-the-art fleet of aircraft, giving passengers high-quality comfort and the shareholders as high a return as possible,” said Bjørn Kjos, CEO of Norwegian.

In other news, Norwegian has announced that Jonathan Swift will become its second Irish tail fin hero, with the celebrated author’s portrait to appear on the tail of the airline’s aircraft that will serve the new transatlantic routes from Cork, Shannon and Dublin to the US East Coast.

Norwegian has always honored iconic figures on the tails of its aircraft, featuring personalities who symbolise the spirit of Norwegian through innovation, challenging the norm and inspiring others. To reflect Norwegian’s rapid growth and new routes from Ireland, the airline has begun a series of Irish tail fin heroes. Jonathan Swift will become Norwegian’s second Irish hero, following legendary explorer Tom Crean who was announced earlier this year.

Born in Dublin in 1667, Jonathan Swift was a poet, author and journalist best known for his satirical novel Gulliver’s Travels and for his satirical essay on the Irish famine ‘A Modest Proposal’. Swift studied at Trinity College in Dublin before spending time in England where he wrote A Tale of a Tub published in 1704. During this time Swift also decided upon a career in the clergy and was ordained as a priest in the Church of Ireland.

His greatest known work – Gulliver’s Travels, a book of fantasy, satire, and political allegory -, was written in 1725 and published in 1726. The book was a great success and contributed to Swift’s fame and legacy as a writer and social commentator.

The portrait of Jonathan Swift, which will be used to adorn the tail of a Norwegian aircraft, has been taken from an oil painting of the author by Charles Jervas painted in 1875. The portrait is in the collection of the National Gallery of Ireland, which will celebrate a reopening of the Historic Wings on the 15th June with a two-week summer highlight festival.

From July, Norwegian will launch a series of new low-cost transatlantic routes from Cork, Shannon and Dublin. The flights will serve smaller airports on the US east coast which offer good access into the New York, Boston and New England areas but carry significantly lower landing charges, allowing Norwegian to offer some truly affordable fares.

Norwegian is Europe’s third largest low-cost carrier, carrying 30 million yearly passengers to more than 140 global destinations.

All images by Norwegian.

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Batik Malaysia takes delivery of the first Boeing 737 MAX 8

Batik Malaysia becomes the first operator of the Boeing 737 MAX 8

Boeing on May 16, 2017 marked the first delivery of the new 737 MAX. The airplane, a 737 MAX 8, was handed over to Batik Malaysia (Malindo Air) at the Seattle Delivery Center. The Malaysia-based airline will be the first to put the 737 MAX into commercial service.

Every airplane will feature the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead stowage bins.

The 737 MAX is the fastest-selling airplane in Boeing’s history. To date, Boeing has received almost 3,700 orders from 87 customers across the world.

Top Copyright Photo: Batik Malaysia Boeing 737 MAX 8 9M-LRC (msn 42985) BFI (Joe G. Walker). Image: 937790.

Bottom Photo: Boeing.

Silk Way announces an order for 10 737 MAX 8s

The first Boeing 737 MAX 8

Silk Way and Boeing announced an order for 10 737 MAX 8 airplanes. The order, valued at $1.1 billion at current list prices, was previously attributed to an unidentified customer on the Boeing Orders & Deliveries website.

 

Azerbaijan-based Silk Way Group includes 23 companies working in the aviation industry and related services including passenger and cargo airlines. The airline currently operates seven Boeing airplanes, including two 767-300 Freighters, three 747-400 Freighters and three 747-8 Freighters.

Copyright Photo: Boeing 737-8 MAX 8 SSWL N8701Q (msn 42554) BFI (Steve Bailey). Image: 931526.

Southwest to put the new Boeing 737 MAX 8 into revenue service on October 1, 2017

Southwest Airlines (Dallas) is planning to introduce the new Boeing 737 MAX 8 into revenue service on October 1, 2017. According to Airline Route, the carrier will use nine aircraft to inaugurate service on October 1, 2017.

The actual inaugural flight will be flight WN1 from Dallas (Love Field) to Houston (Hobby), the original WN route.

Image: Southwest Airlines.

Travel Service finalizes its order for five Boeing 737 MAX 8 airplanes

Travel Service, the Czech airline company that operates scheduled flights under the SmartWings brand, has finalized an order for five Boeing 737 8 MAX airplanes, valued at $550 million at current list prices.

Travel Service previously placed an order for three 737 MAXs at the Paris Air Show in 2013 and currently operates a mixed fleet that includes 32 Boeing 737s.

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 – and 20 percent better than the original Next-Generation 737s when they first entered service.

Travel Service is the largest Czech airline company, operating regular flights under the SmartWings brand, charter flights and private flights in the Business Jet category. Travel Service planes are flying to more than 300 airports on 4 continents. Travel Service is present on market not only in the Czech Republic but also in Slovakia, Poland and Hungary, where the company has its subsidiary companies.

Image: Boeing.

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ALC to lease six Boeing 737 MAX 8s to LOT Polish Airlines

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Air Lease Corporation has announced the placement of six new Boeing 737 MAX 8s with CFM Leap-1B engines on long-term lease to LOT Polish Airlines. In addition to the six firm lease placements, the agreement includes the option to lease five new 737 MAX 8s, to be confirmed by early 2017. All eleven aircraft are from ALC’s order book with Boeing.

Delivery of the first two firmly-contracted aircraft will begin in the fourth quarter of 2017, the next two in 2018, one in 2019, and the sixth aircraft will deliver in or before the first quarter of 2020. The optioned aircraft are expected to deliver in 2019 and 2020.

The new 737 MAX 8 aircraft will be used by LOT to increase frequencies and add new destinations on LOT’s extensive European and Eurasian route network.

LOT has one of the youngest fleets in Europe and was the first European airline to introduce into service the Boeing 787 Dreamliner. LOT estimates that in 2020 it will operate a total of approximately 70 aircraft, including 16 Dreamliners and approximately 15 new single-aisle planes with 150-plus seating capacity.

Photo: ALC.

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Greybull Capital finalizes its £165 million investment in Monarch Airlines

Monarch 737 MAX 8 (11)(Flt)(Boeing)(LR)

Monarch Airlines on October 12, 2016 announced the biggest investment in its 48 year history, a £165 million ($202.4 million) investment from its majority shareholder, Greybull Capital.

As a result of this investment Monarch has successfully renewed its ATOL licences from the CAA for the next 12 months and funded future growth plans.

In October 2014, Monarch announced an order for 30 Boeing 737 MAX 8 aircraft (above), with options for a further 15 planes. The first of these aircraft is due to be delivered in 2018.

The arrival of these state-of-the-art, fuel efficient aircraft in less than two years’ will enable Monarch to continue to provide passengers with a best in class inflight experience and allow the company to enjoy significant operational cost savings.

Andrew Swaffield, Chief Executive Officer of The Monarch Group, commented: “It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our ATOL licences.

“I’d like to thank the CAA, our shareholders, partners, loyal customers and the team at Monarch for helping us to achieve this successful outcome. We are now firmly focused on the future as a stronger Monarch.”

Seabury Group LLC and Seabury Securities (UK) Ltd. served as financial advisor with respect to the recapitalisation.

Image: Boeing.

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