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Boeing secures order for 30 high-density 737 MAXs from 777 Partners

Boeing secures order for 30 high-density 737 MAXs from 777 Partners

777 Partners, the investment group based in Miami that buys airplanes for low-cost carriers, has reportedly announced that it has placed an order for 30 Boeing 737 MAX, on top of the 38 it had placed earlier this year.

The 737-8-200 variant, which is favored by Irish carrier Ryanair as well as other low-cost airlines since it lets accommodate extra seats to raise space for nearly 200 passengers, are the majority of the newly ordered planes by the firm.

A regular 737 MAX 8 type including 175 seats. However, Ryanair's MAX 8-200s are configured with 197 seats. To meet safety requirement, Boeing has included a mid-cabin evacuation door exclusively for this model.

Josh Wander, 777 Partners’ managing partner, stated that as travel demand recovers, the company has escalated the search for both cost and carbon emissions improvements at its operating carriers. The 737-8 is persuasive in these areas, and the 737-8-200 is simply unmatched.

According to a report from aircraft valuation firm Avitas, the new purchase is worth around $1.4 billion after regular pricing cuts.

Incidentally, following the two MAX crashes in Ethiopia and Indonesia, as well as the MAX's 21-month prohibition, Boeing lost over 1,000 bookings for the plane.

Nevertheless, now that the plane is back in operation, Boeing is slowly rebuilding its order record, with 583 gross bookings placed so far this year through October.

Bonza in Australia, Flair in Canada, and a series of Asia Pacific carriers, including Jeju Air in South Korea, Cebu Pacific in the Philippines, Scoot in Singapore, and Nok Air in Thailand are among 777 Partners' low-cost airline assets.

The MAX was first ordered by 777 Partners in March, with 24 firm orders and options to purchase another 60 planes.

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