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  HOME | Business & Economy (Click here for more)

Boeing Announces $27 Billion Jet Sales Agreement with Flydubai

WASHINGTON – The low-cost airline Flydubai agreed to buy 225 Boeing 737 MAX 10 jets for a total of $27 billion during the Dubai Airshow in the United Arab Emirates, the US aircraft manufacturer announced on Wednesday.

The agreement includes the purchase of 175 planes of that model and the right to purchase an additional 50.

The Boeing 737 Max 10, a two-engine, one-aisle jet with capacity for 230 passengers, has an estimated price tag of about $125 million.

“We welcome the continuation of our long partnership with Boeing. Their airplanes have provided a foundation for the success of our business model, providing us with the operational flexibility and range to build a network of 95 destinations in 44 countries,” said Flydubai chairman Sheikh Ahmed bin Saeed Al Maktoum, as quoted in a Boeing statement.

Meanwhile, Boeing’s commercial airplanes president and CEO, Kevin McAllister,” said “We are extremely honored that Flydubai has selected to be an all-Boeing operator for many years to come. This record-breaking agreement builds on our strong partnership with Flydubai and the other leading carriers of this region.”

Flydubai was founded in 2009 as a low-cost airline by Emirati authorities to serve routes between Dubai and multiple international destinations.

The announcement came as Airbus concluded the largest order ever in commercial aviation, selling 430 aircraft for $49.5 billion to the Indigo group, which manages the US-based Frontier Airlines, Chile’s JetSMART, Mexico’s Volaris and Hungary’s Wizz Air.

 

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