FARNBOROUGH, United Kingdom, July 19,
2022 /PRNewswire/ -- Boeing [NYSE:BA] and 777
Partners today announced a new order and commitment for up to 66
737 MAX jets, including a firm order for 30 ultra-efficient,
high-capacity 737-8-200s. This is the U.S. investment firm's fifth
order for the industry's most fuel-efficient jet in its class,
rapidly building its portfolio to as many as 134 737 MAXs since
2021. The two companies announced the order with a signing ceremony
at the Farnborough International Airshow.
777 Partners has used the 737 MAX to launch a number of low-cost
carriers around the world, with more to follow. Currently, its
investments include Flair Airlines, Canada's only independent ultra-low-cost
carrier, and Bonza Airline, an Australian start-up that will launch
operations this year. The investment firm has earmarked the
737-8-200, which accommodates more than 200 passengers, to grow
operations by increasing revenue potential while reducing
carbon emissions, fuel consumption and operating costs.
"This new order marks another milestone in the robust growth of
our aviation businesses and concurrently, our partnership with
Boeing," said Josh Wander, managing
partner of 777 Partners. "We are excited about the possibilities
the MAX aircraft provide our growing group of carriers to
facilitate and democratize low-cost travel around the globe while
respecting our commitment to sustainable flying."
"777 Partners is leveraging the cost efficiencies of the 737-8
and 737-8-200 for its diverse network of airlines, while also
providing an excellent passenger experience and meeting
sustainability goals," said Stan
Deal, president and CEO of Boeing Commercial Airplanes. "777
Partners has had tremendous success establishing new carriers
worldwide with the 737-8, and the 737-8-200 will allow for
continued growth as an even more efficient addition to its
portfolio."
The 737 MAX delivers enhanced efficiency, improved environmental
performance and increased passenger comfort to the single-aisle
market. Powered by CFM International LEAP-1B engines and
incorporating advanced technology winglets, the 737 MAX offers
excellent economics. The airplane family reduces fuel use and
emissions by 20% compared to jets it replaces.
777 Partners is a Miami-based
private investment firm that invests across a number of high growth
attractive verticals. Founded in 2015, 777 Partners strategically
invests across six broad industries: insurance; consumer and
commercial finance; litigation finance; direct lending; sports,
media and entertainment; and aviation. The firm seeks to acquire
and build operating businesses that generate long-term, high
quality predictable cash flows for its proprietary balance sheet,
while consolidating operations across like businesses to create
efficiencies and economies of scale. 777 Partners invests at all
stages of the business cycle and targets companies accretive to its
existing portfolio.
Bonza is Australia's new, and
only independent low-cost airline takes off in 2022*, enabling
Australians to explore more of their own backyard, and at low-cost
prices. Bonza's initial route map includes 27 routes to 17
destinations. Ninety three per cent of Bonza routes are not
currently served by any airline and ninety six percent not
currently served by a low-cost carrier. The only place to book
direct is on the FlyBonza App. *Subject to regulatory approval.
Flair Airlines is Canada's
leading low-fare and greenest airline. Flair's mission is to
democratize air travel for all Canadians providing affordable
airfare that connects them to the people and experiences they love.
With an expanding fleet of Boeing 737 aircraft, Flair is growing to
serve over 30 cities across Canada, the U.S., and Mexico. For more information, please visit
www.flyflair.com.
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, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
boeing.com/careers.
Contact:
Dan Mosely
International Sales Communications
Boeing Commercial Airplanes
+1 425-336-9970 (Seattle)
daniel.mosely@boeing.com
Jessica Kowal
Boeing Media Relations
+1 206-660-6849 (Farnborough)
jessica.m.kowal@boeing.com
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SOURCE Boeing