Boeing, Jeju Air Announce Order for up to 50 737 MAX Airplanes

Deal is largest ever order from a Korean low-cost carrier; includes 40 firm orders and 10 options

Airline says 737 MAX 8 is ideal airplane to grow and meet rising passenger demand

SEOUL,South Korea, Nov. 19, 2018/PRNewswire/ -- Boeing [NYSE:BA] and Jeju Air announced the airline is ordering 40 737 MAX 8 airplanes with options for 10 additional jets. The deal, valued at up to $5.9 billion at list prices, is the largest order ever placed by a Korean low cost carrier and reflects rising demand for air travel in South Korea.

"With Korea's growing commercial aviation market, we are excited to take the next step in expanding our business with the 737 MAX, a world-class airplane that will allow us to improve our operation and continue to provide a safe and enjoyable experience for our passengers," said Seok-Joo Lee, President and CEO of Jeju Air. "The 737 MAX 8 and its superior performance and economics make it an ideal airplane to implement our growth strategy as we look to expand beyond Asia in the coming years."

Jeju Air, based in South Korea's Jeju Island, began operation in 2005 as the country's first low-cost carrier. Since that time, the carrier has spearheaded the rapid development of Korea's LCC market and contributed to the expansion of the broader Korean commercial aviation industry.

Flying a fleet of nearly 40 Next-Generation 737-800s, Jeju Air has steadily expanded its business and its profits. The airline has achieved 25 percent annual sales growth over the past five years and recorded 17 consecutive quarters of profitability.

Jeju Air is looking to build on its success with the enhanced version of the 737 jet. The 737 MAX 8 provides more range and offers 14 percent better fuel efficiency and environmental performance thanks to the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other aerodynamic improvements.

"We are extremely proud that Jeju Air has become a leader in the vibrant LCC market by flying the Boeing 737. And we are delighted that the airline has chosen to build their future fleet with this major order for the 737 MAX," said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company.

Along with the new airplanes, Boeing Global Services will provide Jeju Air with digital tools to reduce their operating costs. The solutions include the Fuel Dashboard Program, which allows operators to look across their fleet and identify areas where they can optimize their fuel spending. 

Jeju Air serves 60 domestic and international routes with approximately 200 daily flights. The carrier is a founding member of the Value Alliance, the first pan-regional low-cost carrier alliance formed with eight airlines based in Asia.  

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating about 4,800 orders from more than 100 customers worldwide. This order will be reflected on Boeing's Orders and Deliveries website per our standard process. For more information and feature content, visit www.boeing.com/commercial/737max.

Boeing Delivers SpiceJet's First 737 MAX Airplane

Indian carrier to operate up to 205 MAX jets on regional and international routes

Fuel-efficient 737 MAX to help SpiceJet save $1.5 million per plane a year

SEATTLE, Oct. 12, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and SpiceJet celebrated the delivery of the carrier's first 737 MAX 8. The airline plans to use the 737 MAX to expand and standardize its fleet, while leveraging the super-efficient jet to reduce fuel costs per airplane by $1.5 million a year.

"We are excited to take delivery of our very first 737 MAX 8," said SpiceJet Chairman and Managing Director Ajay Singh. "The induction of our first MAX is a huge milestone in SpiceJet's journey. These new airplanes will enable us to open new routes, while reducing fuel and engineering costs, as well as emissions.  The 737 MAX will dramatically reduce noise pollution and greenhouse gas emissions. Passengers will benefit from a large number of premium seats and, for the first time in India, broadband internet on board."

This is the first of up to 205 737 MAX airplanes SpiceJet has announced with Boeing. The new and improved single-aisle airplane will help SpiceJet lower its emissions output, which is a key initiative for the carrier as it looks to increase regional and international routes.

SpiceJet's new 737 MAX airplanes arrive at a time when India's commercial aviation market continues to grow at significant rates. According to industry data, domestic air traffic in India has grown about 20 percent in each of the past four years with an upward growth trajectory going forward.

"India is a fast growing market for commercial airplanes and services," said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. "The 737 MAX for SpiceJet is the perfect airplane for this market and it will become a key ingredient for long-term success, especially as oil prices continues to put pressure on airlines. The market-leading efficiency and reliability of the MAX will pay immediate dividends for SpiceJet's commercial operations."

In preparation for their new 737 MAX, SpiceJet signed up to leverage Boeing Global Services' tailored flight simulator and maintenance training, which will help train SpiceJet's world-class pilots and mechanics in all areas of 737 MAX flight operations, resulting in maximized cost-savings. The airline also employs Onboard Performance Tool, powered by Boeing AnalytX, which allows flight crews and ground personnel to perform real-time calculations based on current weather and runway conditions, improving efficiency and maximizing payloads.

The 737 MAX 8 is part of a family of airplanes that offer about 130 to 230 seats and the ability to fly up to 3,850 nautical miles (7,130 kilometers) or nearly eight hours of flight. For SpiceJet's full fleet of up to 205 airplanes, the MAX will emit up to 750,000 fewer metric tons of CO2 and save up to 240,000 metric tons of fuel per year, which translates to more than $317 million in cost savings annually*.

In addition, the MAX 8, will have the lowest operating costs in the single-aisle market with an 8 percent per-seat advantage over the competition. The operating advantages, along with the popular Boeing Sky Interior, explains why carriers have been choosing to fly the MAX.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,700 orders from 104 customers worldwide.

*Based on: General rules, 750-nmi mission, two-class seating, fuel price: $4.00 per U.S. gallon, 737 MAX 8

Boeing, Aviation Capital Group Announce Order for 20 737 MAX 8s

Order raises lessor's direct purchase of 737 MAX airplanes to 100

Portfolio includes MAX 8, MAX 9 and MAX 10 variants

FARNBOROUGH, United Kingdom, July 17, 2018/PRNewswire/ -- Boeing [NYSE:BA] and Aviation Capital Group (ACG) today announced an order for 20 737 MAX 8 airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.34 billion at list prices, raises ACG's 737 MAX direct-buy order quantity to 100.

"The 737 MAX is core to our strategic growth plans, as the airplane continues to command strong interest in the marketplace," said Khanh T. Tran, CEO of ACG. "This order expands our diverse portfolio, which includes three 737 MAX variants, providing us with more flexibility and some of the most advanced single-aisle jets to serve our customers."

The new orders will appear on Boeing's Orders & Deliveries website once all contingencies have been met.

ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

"We are pleased to extend our partnership with ACG as they continue to expand their 737 MAX portfolio," said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. "This order reflects continued market demand for the best single-aisle airplane in its class. The 737 MAX will deliver exceptional performance and market-leading economics to ACG's world-class customers for many years to come."  

According to the Boeing 2018 Commercial Market Outlook released this week, airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years. That represents a 6-percent increase over last year's forecast. Analysts say the demand is fueled by the success of low-cost carriers and a big requirement for single-aisle jets for growth and replacement.

The 737 MAX family is designed to offer customers exceptional performance, with lower per-seat costs and an extended range to open up new destinations in the single-aisle market. The 737 MAX incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,600 orders from 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.

Boeing, Jet Airways Announce Order for an Additional 75 737 MAX Airplanes

Order strengthens Jet Airways' growing 737 MAX fleet

FARNBOROUGH, United Kingdom, July 16, 2018/PRNewswire/ -- Boeing [NYSE:BA] and Jet Airways confirmed that the Indian carrier placed an order for an additional 75 737 MAX 8 airplanes during a signing ceremony at the 2018 Farnborough International Airshow. The order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing's Orders and Deliveries website.

This order for an additional 75 MAX airplanes helps the Indian carrier expand its network to meet surging demand in the fastest-growing aviation market in the world.

"Our latest order for 75 additional Boeing 737 MAX aircraft reflects our long standing association with Boeing and reposes our faith in the aircraft they manufacture," said Naresh Goyal, Chairman of Jet Airways. "The MAX will allow us to offer guests a superior and well differentiated experience using a modern, reliable and fuel efficient fleet. The order also emphasizes Jet Airways' commitment to the growth and potential of the Indian aviation market."

In June, the Mumbai-based carrier took delivery of its first MAX, a new and improved 737 that delivers a double-digit improvement in fuel efficiency and improved passenger comfort. These new airplanes arrive into an Indian aviation market that continues to grow at significant rates. According to industry data, domestic air traffic in India has grown about 20 percent in each of the past four years.

"We are honored to extend our deep partnership with Jet Airways as they modernize their fleet with the most capable single-aisle airplanes," said Boeing Commercial Airplanes President and CEO Kevin McAllister. "This is a testament to the market-leading economics and reliability of the 737 MAX. I am confident that these new airplanes will support Jet Airways' domestic and international expansion."

Jet Airways is India's second-largest airline with a fleet of nearly 120 airplanes serving more than 60 destinations in 15 countries across Asia, Europeand North America.

The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,600 orders from over 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.

Boeing, Goshawk Aviation Announce Order for 20 737 MAXs

- Growing lessor expands beyond sale-leaseback model with first direct Boeing airplane order

FARNBOROUGH, United Kingdom, July 16, 2018/PRNewswire/ -- Boeing [NYSE: BA] and Goshawk Aviation Limited. announced an order for 20 737 MAX airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.3 billion according to current list prices, marks the first time the aircraft lessor has purchased jets directly from Boeing.

"Placing direct order is a critical part of Goshawk's overall growth strategy and we are pleased to have finalized our order with Boeing. The 737 MAX family is one of the best-in-class, modern and in-demand narrow-body aircraft with latest technologies which fit well with our focus," said Brian Cheng, Chairman of Goshawk Aviation Limited and Executive Director of NWS Holdings Limited. "We believe the MAX's double-digit fuel efficiency improvement, combined with longer range and market-leading reliability, will strengthen our portfolio and help us continue to deliver world-class, tailored solutions to our customers."

The airplanes, previously listed as unidentified on Boeing's Orders & Deliveries website, are sold to Goshawk Aviation Limited. Goshawk is based in Dublin, Ireland, and is expected to have an owned, managed and committed fleet of over 220 airplanes, including the direct order placed with Boeing.

"We are delighted that Goshawk, with their world-class aircraft leasing team, has selected to expand their portfolio and business model with the 737 MAX. This is a great validation for our Boeing team and the 737 MAX family," said Ihssane Mounir, senior vice president, Commercial Sales & Marketing, The Boeing Company. "With rising demand for narrowbody jets, we are confident that the unmatched economics and capabilities of the 737 MAX will position Goshawk for success and growth."

Goshawk selected the MAX 8 variant. In a standard two-class configuration, the airplane carries 162 to 178 passengers and flies up to 3,550 nautical miles (6,570 kilometers). The airplane provides a 14-percent fuel efficiency gain compared to its predecessor, and 8 percent better than its competition.

The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,600 orders from over 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.