Industry 777 Partners orders 24 Boeing 737 MAX aircraft

U.S.-American aircraft producer Boeing has released a statement that 777 Partners and Boeing have signed a purchase agreement for Boeing 737 MAX aircraft. The deal sees 24 Boeing 737-8s to join the firm´s aviation portfolio.

777 Partners also holds purchase rights for additional 60 aircraft. The investment firm decided to purchase the aircraft in the prospect of new low-cost carriers entering the aviation market.

Joshua Wander, founder and managing partner of 777 Partners, explained: “We could not be more excited to partner with Boeing on this transformative order for our growing aviation business. The 737-8 aircraft are a fantastic addition to our aviation portfolio and will enable our partners to leverage the jets’ superior economic performance to deliver low fares for their passengers while reducing their carbon footprint […] The retrenchment of traditional carriers globally has created an unprecedented market opportunity for more agile and cost-efficient operators. These aircraft will enable our operators to accelerate the recovery in the destinations they serve. We are humbled to call one of America’s greatest manufacturers our partner in this endeavor.”

Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing, added: “777 Partners has gained a reputation for investing in high-growth markets and we are delighted to welcome them to the Boeing 737 family. This is a significant order that speaks to 777 Partners’ belief in the 737-8 and the market recovery ahead. We look forward to delivering these jets and supporting a safe and successful entry into service with 777 Partners’ affiliates.”

777 Partners is based in Miami, Florida, and strategically invests in a host of aviation businesses. The company seeks to gain new customers in the passenger airline sector with this latest purchase. Target of the company is it, to create new commerce channels for its airline investments and customers.

Boeing´s 737 MAX has recently been re-certified by the European Aviation Safety Agency. After the two fatal crashes, the aviation authority has given its green lights for European operations. Previously, the authorities in the United Sates and in Brazil issued the re-certification confirmation.

The 737-8 is the second-largest member of the MAX family and is capable of flying up to 3,550 nautical miles. The aircraft is being equipped with more environmentally friendly engines and CO2 emissions can be reduced by 16% compared to older generation aircraft.