Japan Transocean Air Agreement for Next Generation 737s

NAHA, Japan /PRNewswire/ — Boeing [NYSE: BA] and Japan Transocean Air (JTA) finalized an agreement friday for 12 Next-Generation 737-800 airplanes. The arrival of the new 737-800s in 2016 will mark the start of the airline’s fleet renewal program.

“This order is a key part of our strategy to bring the highest levels of comfort, amenity and convenience to the people of Okinawa, by continuing to operate the most reliable and fuel-efficient aircraft available today and in the future,” said Manabu Sato, president of Japan Transocean Air and executive officer at Japan Airlines.

The agreement, first announced as a commitment on March 27, is valued at over $1.1 billion at list prices. As part of the agreement, JTA will also have the flexibility to switch to the 737 MAX family of airplanes.

“We are honored that JTA has chosen to maintain an all-Boeing fleet of Next-Generation 737s,” said John Wojick, senior vice president of Global Sales and Marketing, Boeing Commercial Airplanes. “The Next-Generation 737 will provide JTA with market-leading efficiency, reliability and passenger comfort, allowing JTA to continue to grow and prosper, while also allowing JTA and Boeing to build on a successful partnership for many years to come.”

Based in Okinawa, Japan’s southernmost major island chain, Japan Airlines Group member JTA currently operates a fleet of 737-400 airplanes on domestic routes linking Okinawa with major Japanese cities as well as other Okinawa islands.