777 Partners has ordered 30 737 MAX. Photo: Boeing
777 Partners Ordered 30 additional Boeing 737 MAX
Today Boeing reveals the news that American private investment company 777 Partners ordered 30 more Boeing 737 MAX jets. With this order, the total amount of ordered aircraft increased to 68.
Who is a customer?
777 Partners founded in 2015 is a Miami-based private investment firm that invests in different areas of economics including direct lending and aviation. In its portfolio, a company has such low-cost carriers as newly-created Australian Bonza and Canadian Flair Airlines.
According to list prices, this order is valued at approximately $3.7 billion. Initially, the American manufacturer contracted to sell 24 737 MAX to 777 Partners, and as an option to acquire 60 more aircraft later.
A customer comments on the deal
Josh Wander, managing partner of 777 Partners commented:
"We're delighted to be able to announce the almost doubling in size of our order with Boeing. 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 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 unrivaled."
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