Hainan Airlines has announced it is finalizing terms and working toward a purchase agreement with Boeing for 50 737 MAX 8s
According to Boeing, which announced the forthcoming order on July 16 at the Farnborough International Airshow 2014, the order would reaffirm the Chinese airline’s preference for an all-Boeing single-aisle fleet.
The commitment, which Boeing values at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared, according to the manufacturer.
“The 737 is the backbone of our single-aisle fleet,” says Adam Tan, vice chairman and president of Hainan Group, the parent company of Hainan Airlines. “The new 737 MAX will help our airline grow, become more efficient and offer five-star service for our passengers.”
“As China’s first Skytrax 5-star airline, Hainan continues to modernize its fleet with market-leading next-generation airplanes, including the 787 Dreamliner and now the 737 MAX,” says John Wojick, senior vice president of global sales and marketing for Boeing Commercial Airplanes. “We are confident that the 737 MAX will play a significant role in Hainan’s continued success.”
Firm orders for the Boeing 737 MAX family have surpassed 2,100 aircraft, the orders coming from 42 customers worldwide. The 737 MAX is the fastest-selling commercial jet in Boeing history, according to the company.
The Boeing 737 MAX will be powered by new-technology CFM International LEAP-1B engines.