Boeing Co. has signed a prelimnary agreement to sell 30 aircraft to China’s Xiamen Airlines in a deal worth US$3.39 billion.
The order is for 737 Max 200 planes, Bloomberg reports.
The airline, which is already a 737 Max customer, sees the Max 200 as a fit for its low-cost subsidiaries, including Jiangxi Airlines and Hebei Airlines.
The purchase will help Xiamen Airlines, a subsidiary of state-backed China Southern Airlines Co., broaden its fleet to 200 airplanes by the end of the decade as it looks to expand regionally.
Xiamen Airlines operates an all-Boeing fleet of more than 140 airplanes including six 787 Dreamliners, 130 Next-Generation 737s and four 757s.
The final agreement requires approval from the boards of Xiamen Airlines and China Southern, as well as the Chinese government.
The planned purchase is part of a US$10 billion order announced in December for China Southern and Xiamen Air.
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