Boston, MA 10/13/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) announced receiving a $4.9 billion contract for 50 737 MAX 8s from Garuda Indonesia.
According to Boeing’s latest press release, Indonesia’s flag carrier has signed a $4.9 billion contract with The Boeing Company (NYSE:BA) for the supply of as many as 50 airplanes. According to the deal, the company will buy 46 new 737 MAX 8s and switch an existing order of four Next-Generation 737-800s with four 737 MAX 8s. The details of the order were listed on Boeing’s website, but the company had not disclosed the name of the buyer until now.
As of now, Garuda Indonesia operates 77 Boeing 737 airplanes and said that the latest order will allow it to gain flexibility in operations. The added fleet of airplanes will help the company in expanding and updating its present collection to better address the growing market needs.
Advanced Features
The 737 MAX is equipped with the new technology engines- CFM International LEAP-1B and superior winglets. It also features several other improvements to ensure highest efficiency and reliability. In addition, it claims to offer superior passenger comfort as compared to the presently available airplanes having single aisle. Apart from these advancements, the 737 MAX also provides 14% more fuel efficiency than the Next-Generation 737, which presently is considered as the most efficient airplane in this context. In contrast to the first plane of the series, it offers 20% superior services. The 737 Max 8 will also reduce seat operating expenses by as much 8%, when compared to the A320neo.
The Boeing Company (NYSE:BA) reported that Garuda’s order underlines the increased presence of the 737 Max in the market. The press release highlighted that the total orders for the aircraft, including the latest from Garuda, comes to a total of 2,295. The airplane has been chosen by as many as 47 customers across the world, Boeing said.
