Okay Airways Announce Commitment for 12 737s

Courtesy Boeing

SINGAPORE, /PRNewswire/ — Boeing [NYSE:BA] and Okay Airways 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. 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 / Edited By Airline Adviser 02/22/16