Feb 17, 2016: Okay Airways, China's first privately owned airline, has signed a commitment for 12 Boeing 737 jets worth $1.3 billion at list prices, as the privately owned carrier looks to expand its fleet to tap the mainland's growing air travel market.
China carrier, Okay Airways, currently has a fleet of 18 aircraft, and expects to grow the fleet to 80 by 2020.
"We greatly value the ties we have built over the years with Boeing," said Wang Shusheng, chairman, Okay Airways. "The Boeing Next-Generation 737 has been the mainstay of our fleet since we started operations. The introduction of additional 737s, including the new 737 MAX, will further modernise our fleet and ensure we operate the most efficient fleet well into the future."
This commitment will mark the first 737 MAX 9 order by a Chinese airline and bolsters Okay Airways' 737 MAX portfolio to 17 airplanes. Included as part of the agreement, Okay Airways have rights to exercise options for eight additional 737 MAX 8 airplanes.
"We are honored to welcome Okay Airways as our newest 737 MAX 9 customer," said Ray Conner, president and CEO, Boeing Commercial Airplanes. "The reaffirmation of additional 737-900ERs and 737 MAX 8s is a testament to the success that Okay Airways has established with the 737 family. We look forward to extending our partnership with Okay for decades to come."