Thu, Feb 18, 2016
Agreement Valued At $1.3 Billion At List Prices
Boeing and Okay Airways have announced a commitment for 12 737s, including eight MAX 8s, three 737 MAX 9s and one Next-Generation 737-900ER (Extended Range) airplane.
The agreement, valued at $1.3 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.
"We greatly value the ties we have built over the years with Boeing," said Wang Shusheng, Chairman, Okay Airways. "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 modernize 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 airplanes.
"We are honored to welcome Okay Airways as our newest 737 MAX 9 customer," said Ray Conner , president and CEO, Boeing Commercial Airplanes. "The reaffirmation of additional 737-900ERs and 737 MAX 8s is a testament to the success that Okay Airways has established with the 737 family. We look forward to extending our partnership with Okay for decades to come."
Okay Airways, the first privately owned airline in China, is headquartered in Beijing with its main hub at Tianjin Binhai International Airport (TSN). The airline's fleet includes 14 737-800s, three 737-900ERs and one Boeing 737-300 Freighter, which serves more than 100 domestic and international routes.
(Source: Boeing news release. Image from file)
More News
Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]
“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]
"We are reaching out to you today on behalf of the Popular Rotorcraft Association because we need your help. We are dangerously close to losing a critical resource that if lost, wi>[...]
UAS Traffic Management (UTM) The unmanned aircraft traffic management ecosystem that will allow multiple low altitude BVLOS operations and which is separate from, but complementary>[...]
Aero Linx: Society of Aviation and Flight Educators (SAFE) SAFE is a member-oriented organization of aviation educators fostering professionalism and excellence in aviation through>[...]