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Boeing, Hainan Airlines sign deal for 50 737 MAX 8s

July 16, 2014, Farnborough, U.K. - Boeing and Hainan Airlines have announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline's preference for an all-Boeing single-aisle fleet.


July 16, 2014
By Carey Fredericks

The commitment, valued at more than $5.1 billion at current list prices,
will be subject to the approval of the Chinese government and will be
posted on Boeing's Orders & Deliveries website once all
contingencies are cleared.

"The 737 is the backbone of our single-aisle fleet," said Adam Tan, vice
chairman and president of Hainan Group. "The new 737 MAX will help our
airline grow, become more efficient and offer five-star service for our
passengers."

"It is a privilege to welcome Hainan Airlines as Boeing's newest 737 MAX
customer," said John Wojick, senior vice president of Global Sales and
Marketing, Boeing Commercial Airplanes. "As China's first Skytrax 5-star
airline, Hainan continues to modernize its fleet with market-leading
next-generation airplanes, including the 787 Dreamliner and now the 737
MAX. We are confident that the 737 MAX will play a significant role in
Hainan's continued success."

The 737 MAX has surpassed 2,100 orders from 42 customers worldwide and
is the fastest selling airplane in Boeing history. The 737 MAX
incorporates the latest-technology CFM International LEAP-1B engines to
deliver the highest efficiency, reliability and passenger comfort in the
single-aisle market.

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The 737 MAX 8 provides customers with more flexibility and cost
efficiency than the competition in the heart of the single-aisle market.
Airlines operating the 737 MAX 8 will see an 8 percent operating cost
per seat advantage over the A320neo.