SpiceJet signs deal to buy 40 Boeing 737 MAX 10 jets

Marco Green
June 26, 2017

The new order is valued at $1.2 billion.

Airbus's Leahy claimed Boeing's MAX 10 launch was not as impressive as it appeared, benefiting from a high number of airlines and leasing companies shifting orders to the new plane.

Boeing [NYSE:BA] and Ruili Airlines today announced the signing of a Memorandum of Understanding for 20 737 MAX airplanes at the 2017 Paris Air Show. The 737 MAX 10's operating economics and passenger comfort are ideally suited to Copa Airlines' route network.

Copa Airlines allows passengers to make fast and convenient connections to 75 destinations in 31 countries in North, Central and South America and the Caribbean through its Hub of the Americas in Panama City, the most internationally connected airline hub in the region. The start-up carrier plans to expand its fleet to 40 aircraft by the end of 2020.

"AerCap sees the value in both our single-aisle and widebody airplanes and we're excited to have them join the launch group for the 737 MAX 10", said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes. "We are honored to continue playing an important role in Ruili's long-term success with the addition of the 737 MAX".

Today's agreement from Ruili Airlines continues the momentum of the 737 MAX in the marketplace.

Boeing (BA) is beating European rival Airbus (EADSY) in the orders race in Airbus' home field at the Paris Air Show, but numerous US aerospace giant's orders for its new 737 Max 10 were conversions from prior orders.

But on Wednesday, China's Donghai Airlines said it would convert 10 current 737 Max orders to 737 Max 10 orders.

Other reports by Click Lancashire

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