Canadian ultra-low-cost start-up Jetlines has placed an order for five Boeing 737 MAX 7s as the new carrier goes about building its future fleet.
Jetlines’ order, which the manufacturer values at $438 million at current list prices, includes purchase rights for an additional 16 Boeing 737 MAX jets.
“This agreement with Boeing is a major milestone for Jetlines,” says Jim Scott, CEO of Jetlines. “We are thrilled to be partnering with Boeing and look forward to introducing the 737 MAX 7 into our fleet.”
The new airline, which is headquartered in Vancouver, plans to tap into passenger demand by offering low-cost airfares on routes that avoid direct competition with other airlines, according to Boeing Commercial Airplanes.
According to the manufacturer, the 737 MAX 7 will be capable of flying more than 3,800 nautical miles, a range approximately 400 nautical miles (741kilometers) greater than that offered by the Boeing 737-700, its current-generation counterpart.
With Jetlines’ order, the Boeing 737 MAX family has won firm orders for 2,562 aircraft from 55 customers worldwide. However, the Boeing 737 MAX 7 has secured only a handful of firm orders and some are thought likely eventually to be re-specified as 737 MAX 8s as progress payments become due.