Farnborough Airshow: Day 4 Recap

Farnborough Airshow: Day 4 Recap

Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow.

"Today's announcement is yet more proof of the strong demand that we continue to see around the world for the 737 MAX airplane family", said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. Boeing may also report at least one undisclosed order this week.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,600 orders from 100 customers worldwide.

According to a joint statement issued on Tuesday, the order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing's Orders and Deliveries website. The lessor added to its portfolio previous year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

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"The deal is also expected to increase bilateral trade turnover between Việt Nam and the United States - the home of Boeing", it said. "This order reflects continued market demand for the best single-aisle airplane in its class". Global air freight demand grew by almost 10% past year with demand growth outpacing capacity growth by a factor of three.

The Farnborough Airshow is typically one of the world's most publicity-focused business events, with plane giants and airline bosses battling to win headlines for deals signed under the roar of stealth fighter displays. Analysts say the demand is fuelled by the success of low-priced carriers and a big requirement for single-aisle jets for growth and replacement.

The subsequent 55 737 MAX airplanes are commitments until both companies finalise them into firm orders.

The 737 MAX family is created to offer operators exceptional performance, including lower operating costs and more range to open up new destinations. After considering not taking any A330s at all, the airline has committed to taking a total of 100 A330 aircraft.

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