Share Prices & Company Research

Market News

12 Mar 2021 | 15:08

Boeing secures 24 737 MAX orders with 777 Partners

(Sharecast News) - Boeing announced on Friday that the private investment firm 777 Partners agreed to buy 24 of its 737 MAX airplanes. The agreement with the Miami-based firm also includes the possibility of purchasing a further 60.

Boeing's shares rose about 1.6% in premarket trading on the news.

The investment firm plans to lease the planes to Canadian ultra-low-cost carrier Flair Airlines in which it already has a big stake.

The deal will provide much-needed support towards a financial recovery after a 20-month grounding of the jet model following two fatal crashes.

"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," said 777 Partners founder Joshua Wander.

"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," said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.