Boeing (NYSE:BA) and Turkish Airlines today finalized a firm order for 40 737 MAX 8s, 10 737 MAX 9s and 20 Next-Generation 737-800 jets, valued at $6.9 billion at list prices. The order, originally announced as a commitment last month, also includes options for an additional 25 737 MAX 8s and is the largest Boeing order in Turkish Airlines' history.
"We are delighted to finalize the order, which will considerably expand our fleet and contribute to our continued growth," said Temel Kotil, PhD, President and CEO of Turkish Airlines. "Turkish Airlines is a global airline, serving the most countries worldwide and we are building the strongest network in the world. Our long-standing partnership with Boeing is one of the key factors behind the success of Turkish Airlines."
Today's announcement brings the total number of 737 MAXs ordered to date to 1,285 and Boeing currently has more than 3,100 unfilled orders for 737s.
"Turkish Airlines currently operates more than 85 Next-Generation 737s, which are the foundation of its successful short-haul operations," said Todd Nelp, vice president of European Sales, Boeing Commercial Airplanes. "Today's announcement demonstrates the confidence Turkish Airlines has in the proven reliability, performance and economics of the Next-Generation 737, while the order for 50 737 MAXs marks a new chapter in their continued fleet expansion, ensuring unrivaled efficiencies and superior passenger comfort."
Source: The Boeing Company (NYSE: BA)
Date: May 15, 2013