Boeing, flydubai Sign Historic Deal for 225 737 MAX Airplanes

Flydubai showcases first Boeing 737 Max 8

Dubai-based budget carrier, flydubai, is nearing a deal to order 175 Boeing 737 MAX jets, sources familiar with the matter said. The 737 MAX family a favorite of low cost carriers has a operating cost that is about 8 per cent less than its main competitor, Boeing said.

The deal, which was inked at the Dubai Airshow, is for 225 737 Max planes with a list price value of $27bn.

Flydubai has committed to buy 175 MAX airplanes and purchased rights for 50 additional MAXs, the biggest purchase to Boeing to date, it was announced Wednesday.

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With today's announcement, this will bring the total number of aircraft the airline has on order to 320.

Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum and Boeing Commercial Airplanes President & Chief Executive Kevin McAllister attend a news conference at the Dubai Airshow in Dubai, UAE November 15, 2017.

Boeing dominates the scorecard so far at the Nov 12-16 show, with $19 billion of orders and provisional commitments while Airbus has yet to disclose an order. "Understanding the demand for travel across our network, our innovative approach to our cabin design and developing a product unique to our market has allowed us to exceed our passengers' expectations in their flying experience". Boeing boasts more than 4,000 for the various models of the 737 MAX. The MAX family incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

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