Boeing, Okay Airways commit to 12 737s

Boeing (NYSE: BA) and Okay Airways have committed for 12 737s, including eight MAX 8s, three 737 MAX 9s and one Next-Generation 737-900ER (Extended Range) airplane, the companies said.

The agreement, valued at USD1.3 billion at current list prices, is subject to the approval of the Chinese government and will be posted to Boeing´s Orders & Deliveries website once all contingencies are cleared.

This commitment will mark the first 737 MAX 9 order by a Chinese airline and bolsters Okay Airways´ 737 MAX portfolio to 17 airplanes. Included as part of the agreement, Okay Airways have rights to exercise options for eight additional 737 MAX 8 airplanes.

Okay Airways, the first privately owned airline in China, is headquartered in Beijing with its main hub at Tianjin Binhai International Airport (TSN). The airline´s fleet includes 14 737-800s, three 737-900ERs and one Boeing 737-300 Freighter, which serves more than 100 domestic and international routes.

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