SEATTLE, Dec. 7, 2021 /PRNewswire/ -- Boeing
[NYSE:BA] and 777 Partners today announced the Miami-based investment firm will nearly double
its 737 MAX order book with the purchase of 30 additional jets. The
new order expands 777 Partners' commercial aircraft portfolio to a
total of 68 737 MAXs, in its fourth order this year for the
fuel-efficient, single-aisle jets. Valued at $3.7 billion at list prices, the order will
enable 777 Partners to expand 737 MAX operations across the fleet
of its affiliated global low-cost carriers.
"We're delighted to be able to announce the almost doubling in
size of our order with Boeing," said Josh
Wander, managing partner of 777 Partners. "We have long been
confident in the economics of the 737 MAX family but we are
especially excited about the 737-8-200 variant which represents the
bulk of our additional orders. We're confident that this aircraft
will be the hallmark ULCC/LCC asset, particularly in the sub-200
seat market. As travel demand returns, 777 has accelerated our
quest for efficiencies in both operating cost and carbon footprint
at our operating carriers. . In these areas the 737-8 is compelling
and the 737-8-200 is simply unrivalled."
The 737 MAX family reduces fuel use and carbon emissions by at
least 14% compared to the airplanes it replaces, reducing operating
costs as well as the environmental footprint for 777 Partners'
affiliated airlines. Every 737 MAX features a passenger-pleasing
Boeing Sky Interior, highlighted by modern sculpted sidewalls and
window reveals, LED lighting that enhances the sense of
spaciousness and larger pivoting overhead storage bins.
"We greatly appreciate 777 Partners for their trust in our
products, including repeat orders for the 737 MAX and expanding
their fleet to include the high-capacity 737-8-200 model," said
Ihssane Mounir, Boeing senior vice
president of Commercial Sales and Marketing. "777 Partners is
enabling growth for its affiliated low-cost carriers by leveraging
the 737 family's flexibility, reliability and efficiency to serve
passengers for years to come."
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future and living the company's core values of safety,
quality and integrity. Learn more at www.boeing.com.
777 Partners is a Miami-based
private alternative investment firm that invests across a number of
high growth attractive verticals. Founded in 2015, 777 Partners
initially applied its expertise in underwriting and financing of
esoteric assets to diversify across a broad spectrum of financial
services businesses, asset originators, and financial
technology/service providers. In recent years, the firm has
broadened its mandate and now invests across six different
industries: insurance, consumer and commercial finance, litigation
finance, direct lending, media and entertainment, and aviation.
Contact
Joe
Loeffler
Boeing Communications
425-306-2145
Joseph.o.loeffler@boeing.com
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SOURCE Boeing