Hainan Airlines Order 50 737 MAX 8s

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE:BA] and Hainan Airlines announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline’s preference for an all-Boeing single-aisle fleet.

The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.

“The 737 is the backbone of our single-aisle fleet,” said Adam Tan, vice chairman and president of Hainan Group. “The new 737 MAX will help our airline grow, become more efficient and offer five-star service for our passengers.”

Source Boeing / Edited By Airline Adviser 07/27/14