Cayman Airways takes delivery of 1st Boeing 737 MAX

Boeing [NYSE: BA], in cooperation with Air Lease Corp. [NYSE: AL] has announced the delivery of the first 737 MAX 8 for Cayman Airways, the company said.

The first 737 MAX to enter service in the Caribbean marks the beginning of the airline´s plans to modernize its fleet and expand its network.

Cayman Airways plans to take delivery of four MAX 8 airplanes to replace its fleet of 737 Classics.

Compared to the 737-300, the MAX 8 offers 30 percent greater seat capacity, and a more than 30 percent improvement in fuel efficiency per seat.

The 737 MAX family is the fastest-selling airplane in Boeing history, accumulating about 4,800 orders from more than 100 customers worldwide. Boeing has delivered more than 200 737 MAX airplanes since May 2017.