777 Partners Orders 30 Additional 737 MAX Airplanes

Rhea-AI Summary

Boeing has announced that 777 Partners will expand its 737 MAX order book with an additional purchase of 30 jets, nearly doubling its total to 68. Valued at $3.7 billion, this fourth order this year enables 777 Partners to enhance operations for its global low-cost carriers. The 737 MAX family is noted for reducing fuel use and carbon emissions by at least 14%, contributing to lower operating costs. Boeing expresses appreciation for 777 Partners' trust, highlighting the flexibility and efficiency of the 737 family.

Positive

• 777 Partners orders 30 additional 737 MAX aircraft, expanding its total to 68.
• Order valued at $3.7 billion, enhancing Boeing's sales performance.
• 737 MAX reduces fuel use and carbon emissions by at least 14%, lowering operating costs.

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• None.

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

 

View original content:https://www.prnewswire.com/news-releases/777-partners-orders-30-additional-737-max-airplanes-301439187.html

SOURCE Boeing

FAQ

What did 777 Partners order from Boeing on December 7, 2021?

On December 7, 2021, 777 Partners ordered 30 additional 737 MAX aircraft from Boeing.

How many 737 MAX jets does 777 Partners now own?

With the new order, 777 Partners now owns a total of 68 737 MAX jets.

What is the value of the recent Boeing order from 777 Partners?

The recent order from 777 Partners is valued at $3.7 billion at list prices.

What are the environmental benefits of the 737 MAX family?

The 737 MAX family reduces fuel use and carbon emissions by at least 14% compared to previous aircraft.

Which variant of the 737 MAX is primarily ordered by 777 Partners?

777 Partners is particularly excited about the 737-8-200 variant of the 737 MAX.