By Our Special Correspondent. Dubai. 09 November, 2015. Bringing life to the dull at start Dubai Airshow, India’s Jet Airways confirmed an order for 75 Boeing 737 planes worth $8.25 billion at list price. The order includes options and purchase rights for an additional 50 aircraft.
Jet Airways’ order, “previously attributed to an unidentified customer, includes conversions of 25 Next-Generation 737s to 737 MAX 8s, as well as options and purchase rights for an additional 50 aircraft”, Boeing said in a statement released at a joint press conference.
“This order is an endorsement of our confidence in the long-term prospects of the Indian aviation sector, which reflects the positive forecast for the country’s economy, and offers tremendous potential for growth and development,” said Naresh Goyal, chairman of Jet Airways.
The 737 Max incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver greater efficiency, reliability and passenger comfort.
The new aircraft will support Jet Airways’ replacement strategy and ensure it maintains a modern, environmentally friendly fleet. Jet Airways currently has a fleet of 115 aircraft.
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.
Cramer Ball, Chief Executive Officer, Jet Airways said: “This order is a reaffirmation of our commitment to continue providing a best-in-class full service travel experience to our guests. Just as importantly, these new generation aircraft are highly fuel efficient and will help drive our operational efficiency.”
“Boeing is proud that Jet Airways will be the first airline in India to take delivery of the 737 MAX,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The 737 MAX will bring new standards for fuel efficiency and economics, and a premium passenger experience to Jet Airways.”