Turkish Airlines buys 15 Boeing 737 MAX airplanes

2014-06-17 08:48

Washington - US aerospace giant Boeing and Turkish Airlines on Monday finalized an order for 15 additional 737 MAX 8s, valued at $1.6 billion at list prices, the companies said.

The deal stemmed from the Turkish flag carrier's biggest Boeing order in its history, in May 2013, for 70 single-aisle 737s, Boeing best-selling airplane.

That order, for 50 of the new 737 MAXs and 20 Next-Generation 737s, was valued at $6.9 billion (R74.3bn at R10.78/dollar) at list prices. As part of the deal, Turkish Airlines took an option to buy 25 additional airplanes, valued at $2.5 billion (R26.9bn).

Airlines typically receive discounts on aircraft list prices.

"Today's order represents another component of our continuous growth strategy, with the 737 MAX providing Turkish Airlines with increased flexibility across our ever-expanding network," said Ahmet Bolat, chief investment and technology officer of Turkish Airlines, in a statement.

With Monday's order, Turkish Airlines has more than 100 unfilled orders for Boeing airplanes: 65 737 MAXs, more than 25 Next-Generation 737s and 20 777-300ER (Extended Range) airplanes, the companies said.

The Istanbul-based carrier currently operates a fleet of more than 100 Next-Generation 737s and 15 777-300ERs.

Boeing has more than 2,000 orders for the 737 MAX, a fuel-efficient airplane that it says will deliver an 8.0 percent operating cost per seat advantage over the new single-aisle aircraft planned by European rival Airbus, the A320neo.

The 737 MAX is Boeing's response to the new A320Neo. The first flights of both planes are scheduled in 2016, with deliveries to customers beginning in 2017.

Read more on:    boeing  |  flights  |  air travel  |  travel  |  travel international

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

SHARE:

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside Travel

 
/News

#FindYourEscape with Traveller24

Your insider guide to exploring South Africa and the world...
 
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.