Boeing Secures Order for 150 MAX Jets From India's Akasa Air -- Update
January 18 2024 - 6:13AM
Dow Jones News
By Kimberley Kao and Ben Otto
Boeing will sell 150 of its 737 MAX aircraft to India's Akasa
Air, giving a fillip to the U.S. manufacturer as it faces pressure
from regulators over a structural failure involving one of its
jets.
Akasa Air, India's newest airline, said Thursday that it will
acquire a mix of single-aisle MAX 10 and MAX 8-200 jets, boosting
its overall Boeing order book to more than 200 as it seeks to
expand to international destinations. Deliveries are slated through
2032.
The deal is Boeing's first major order win since a door plug
blew out on an Alaska Airlines 737 MAX 9 jet midair earlier this
month. The Federal Aviation Administration grounded about 170 MAX 9
jets after the accident and emergency landing. On Wednesday, it
said the aircraft would be barred from carrying passengers until it
studied data related to inspections of the plane's door plugs.
The Akasa Air order doesn't include the MAX 9 variant of the
fuel-efficient family of jets.
Akasa Air, which placed its first order for Boeing MAX aircraft
in 2021 and launched in August 2022, currently has a fleet of 22
jets. The low-cost airline offers services to 18 cities across
India and plans to expand into the Middle East and Southeast
Asia.
Its order comes after a raft of megadeals in India's
fast-growing aviation market. Last year, Air India ordered 470 jets
from Boeing and Airbus, the largest deal for commercial aircraft in
aviation history until several months later, when discount airline
IndiGo made a deal for 500 Airbus jets.
Boeing shares were about 2.0% higher in premarket trading.
Write to Kimberley Kao at kimberley.kao@wsj.com and Ben Otto at
ben.otto@wsj.com
(END) Dow Jones Newswires
January 18, 2024 05:58 ET (10:58 GMT)
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