Date
24 October 2017
Ray Conner (left), Boeing CEO of commercial airplanes, shakes hands with Okay Airways chairman Wang Shusheng after a signing ceremony at the Singapore Airshow on Wednesday. Photo: Reuters
Ray Conner (left), Boeing CEO of commercial airplanes, shakes hands with Okay Airways chairman Wang Shusheng after a signing ceremony at the Singapore Airshow on Wednesday. Photo: Reuters

Boeing, Okay Airways sign US$1.3 bln deal for 737s

China’s Okay Airways has signed a commitment for 12 Boeing 737 jets worth US$1.3 billion at list prices.

The order, signed at the Singapore Airshow, includes 11 737 Max jets, the upgraded version of Boeing’s narrowbody aircraft line, Reuters reported.

The deal also includes options for another eight 737 Max planes, Boeing said in a statement.

The order is not part of the deal that Boeing signed with China last year to supply 300 aircraft worth US$38 billion at list prices, Okay Airways chairman Wang Shusheng told reporters.

Okay Airways, China’s first privately owned airline, currently has a fleet of 18 aircraft, and expects to grow the fleet to 80 by 2020.

Wang also said the airline was looking into purchasing wide-body aircraft, which would account for about 30 percent of the total capacity by 2020, to accommodate longer routes in future.

Wang said his airline would soon start flying to Osaka, and is in discussion with authorities on opening new routes to popular tourist destinations in Japan.

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