Start-Ups Caribbean Start-Up airline Arajet orders 20 Boeing 737 MAX

Recently founded Start-Up airline Arajet has signed a purchase agreement with manufacturer Boeing for 20 737 MAX aircraft to start operations. The carrier is located in the Caribbean and has signed for 20 initial high-capacity 737-8-200s.

In addition, Arajet holds purchase options for 15 additional 737 MAX jets, which if exercised would boost the airline´s fleet to 40 aircraft including current leasing agreements. This single aircraft type operations allow for a cost-efficient performance.

Victor Pacheco Mendez, founder and executive officer of Arajet, explained: "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 […] 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."

Mike Wilson, vice president of sales, Latin America & Caribbean, Boeing Commercial Airplanes, added: "The 737 MAX is the perfect fit for Arajet and it's an honor to welcome this exciting new operator to the Boeing family […] 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."

The news was announced over the course of a launch event held at the airline´s new operational hub at Santo Domingo, Dominican Republic, from where Arajet will be able to efficiently serve the markets in continental United States, Brazil, Colombia and further.

The first 737-8 was received by the carrier form Griffin Global Asset Management in early March. This is the start of a new chapter in the Dominican aviation industry. According to Arajet, 4000 new jobs will be created in the region. Furthermore, the carrier seeks to bring economic development to the island nation.