Boston, MA 10/13/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) has sealed a massive order deal for 50 jets, valued at $4.9 billion from Indonesia flagship carrier. The deal has been forthcoming after the giant aerospace company accounted for it, in its order and deliveries schedule although it had not been attributed to a specific customer.
Rush for Fuel-Efficient Aircrafts
The massive order comes in the wake of airlines around the world making an aggressive push for the latest fuel efficient aircrafts being produced by The Boeing Company (NYSE:BA) and Airbus. Garuda Indonesia will acquire 46 737 Max 8s and plans to convert the remaining 4 to the Next-Generation 737-800S to 737 MAX 8s. Garuda is in the process of revamping its fleet after initially announcing plans to add up to 250 aircrafts by 2025 as it looks to meet the growing demand in one of the world’s fastest growing travel markets.
The 737 MAX is expected to be more fuel efficient, 14% better than the current fuel efficient 737s and 20% better than the first 737s that were the first to hit the ground running. The 737 MAX are expected to be cost effective as they will have an 8% per seat operating cost with the first delivery to Garuda Airlines expected to be made in 2017.
Boeing delivers the First 787-9
Boeing continues to lead the aerospace landscape in terms of orders already having received a total of 2,295 orders for the 737 Max from its wide network of 47 customers worldwide. The Boeing Company (NYSE:BA) expects cargo traffic to grow by 4.7% annually for the next 20years, good news that should further enhance its order book as more airline continue to push for fuel-efficient aircrafts
The Boeing Company (NYSE:BA) has already delivered the first 787-9 Dreamliner to Virgin Atlantic that will operate on the London Heathrow-Boston Route. Boeing and Airbus are reported to have a backlog of commercial jets as more airlines continues to make the switch to the fuel efficient aircrafts.
