Arajet, New Airline in Caribbean, Orders 20 737 MAX Jets
Boeing (NYSE: BA) and Arajet announced a significant commitment for 20 Boeing 737 MAX airplanes, aiming to enhance affordable travel options in the Caribbean. Arajet has options for 15 additional jets, potentially expanding its fleet to 40. The 737 MAX features low operating costs, fuel efficiency, and reduced emissions. Arajet is set to create around 4,000 new jobs and drive economic growth in the Dominican Republic, where tourism constitutes 8.4% of GDP. The airline's launch event took place in Santo Domingo, marking a pivotal moment in regional air travel.
- Arajet has secured orders for 20 737 MAX jets, with options for 15 more, enhancing fleet growth.
- The 737 MAX promises a 20% reduction in fuel consumption and lower operational costs, boosting profitability.
- The airline is projected to create approximately 4,000 jobs, significantly impacting the Dominican Republic's economy.
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- Aircraft commitments include firm order, options and lease agreements for up to 40 jets
- Carrier launches in Santo Domingo, Dominican Republic, to operate all-737 MAX fleet
SANTO DOMINGO, Dominican Republic, March 14, 2022 /PRNewswire/ -- Boeing [NYSE: BA] and Arajet announced today the new Caribbean airline has ordered 20 737 MAX airplanes, specifically the high-capacity 737-8-200 model, to deliver low operating costs and expand affordable travel options in the Americas. Arajet also has options to purchase 15 additional 737 MAX jets which, along with existing lease agreements, could take the airline's new fuel-efficient fleet to 40 airplanes. The aircraft order was finalized in January and is currently attributed to an unidentified customer on Boeing's Orders and Deliveries website.
"The efficient Boeing 737 MAX, together with financial and operational support from our partners at Griffin and Bain Capital, gives us the solid foundation necessary to provide flights at affordable prices to travelers in the region," said Victor Pacheco Mendez, founder and executive officer of Arajet. "These partners believe in our vision and see the same bright future for this market and beyond. The entire team was elated to see our first aircraft arrive in Santo Domingo a few days ago, and we are eager to expand our fleet with more of these amazing jets in the months ahead."
The airline hosted a launch event today at its new hub in Santo Domingo, Dominican Republic. Positioned between North and South America, this location in the Caribbean will leverage the range of the 737 MAX to efficiently serve a large number of traditional and underserved markets in the continental United States, Brazil, Colombia and beyond. The 737 MAX can fly further and uses
Arajet's first jet, a 737-8 leased from Griffin Global Asset Management, was delivered in early March. The jet was toured today by Dominican President Luis Abinader, who attended the launch event, along with industry, government and tourism officials. As travel and tourism recovers globally, Arajet will bring approximately 4,000 new jobs and significant new economic development to the island nation. Tourism makes up
"The 737 MAX is the perfect fit for Arajet and it's an honor to welcome this exciting new operator to the Boeing family," said Mike Wilson, vice president of sales, Latin America & Caribbean, Boeing Commercial Airplanes. "Flying an exclusive 737 MAX fleet will enable Arajet to save on fuel, maintenance and operations costs, and pass those savings on to its customers."
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.
Contact
Joe Loeffler
Boeing Communications
425-306-2145
Joseph.o.loeffler@boeing.com
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SOURCE Boeing
