ALAFCO orders 20 737 MAX 8s

ALAFCO orders 20 737 MAX 8s

Boeing has announced today a $27bn (£20.5bn) deal with low-priced carrier FlyDubai for up to 225 airplanes, which it says marks the biggest single-aisle jet purchase by an airline in the Middle East.

Alafco, which provides commercial aircraft leasing products globally, now has 40 Boeing 737 Max on order, it said on the second day of the Dubai Airshow. When finalized, the purchase promises to sustain tens of thousands of direct and indirect jobs in Boeing's US factories and network of suppliers, according to Boeing.

"Our customers rely on fuel-efficiency, reliability and low operating costs to be successful and the 737 MAX aircraft will meet the needs of our customers, and support ALAFCO's future growth", said Adel Albanwan, deputy chief executive officer, ALAFCO.

"We are pleased to grow our partnership with ALAFCO and support their fleet expansion", said Boeing Commercial Airplanes president, Kevin McAllister.

The European manufacturer boasts orders for more than 5,500 aircraft since it launched the A320neo in 2010.

No-frills airline flydubai, which serves 95 destinations in 44 countries, is an all-Boeing carrier.

"We are extremely honored that flydubai has selected to be an all-Boeing operator for many years to come". "With flydubai's proven business model and ambitious growth plans, we look forward to hundreds of flydubai 737 MAXs connecting Dubai with the rest of the world".

The order includes 175 jets and purchase options for 50 more and is the third placed by the airline with Boeing in its eight-year history. All variants of the jet are powered by the CFM International Leap-1B engine.

The 737 MAX has surpassed 4,000 total orders to date.

Related Articles

  • Nawaz accuses courts of 'double standard' as corruption trial begins

    Nawaz accuses courts of 'double standard' as corruption trial begins

    With regards to Nawaz's sons, the court had already separated their trial as they have been a constant no-show in court. Yesterday (Nov 14), the former premier challenged the verdict of the accountability court in the Islamabad High Court.
    Airbus set to secure record order from Indigo Partners

    Airbus set to secure record order from Indigo Partners

    It would be the biggest ever order for Airbus and would more than double the value of the company's sales for the year. The airline had announced orders for 288 planes as of the end of October.
    China to send special envoy to North Korea

    China to send special envoy to North Korea

    The 1984 exchange of gunfire happened after North Korean soldiers crossed the border and fired, according to the U.N. The JSA is a small strip of land on the border between the Koreas where troops from both sides stand face-to-face.
  • Analyst Research Roundup: Constellation Brands, Inc. (STZ), The Procter & Gamble Company (PG)

    Among 11 analysts covering New Oriental Education & Technology Group ( NYSE:EDU ), 8 have Buy rating, 1 Sell and 2 Hold. The company reported $1.09 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.02.
    Colorado girl suing US Attorney General to legalize medical marijuana nationwide

    Colorado girl suing US Attorney General to legalize medical marijuana nationwide

    A court struck down the federal government's first motion to dismiss the case, clearing the way for the suit to continue. Two drops of THC per day kept the seizures at bay. "I'd say it's a lot better than brain surgery", said Bortell.

    Rare 5.4-magnitude quake hits southern S. Korea

    Tremors were felt across the nation including Seoul and Busan, with some residents in the affected areas reporting damage. South Korea has relatively little seismic activity, unlike neighbouring Japan.
  • Ardern, Duterte talk travel before private meeting

    Ardern, Duterte talk travel before private meeting

    He said his main interest was in the 50,000 Filipinos in New Zealand. It's impressive but [there's] always more opportunity. Mr Duterte said: "Auckland treats its citizens well".
    Manchester United 'eye £134m summer move for Saul Niguez'

    Manchester United 'eye £134m summer move for Saul Niguez'

    A midfielder in the Spanish top flight would reportedly be willing to join Jose Mourinho's Manchester United next season if they come calling.
    Packers QB Brett Hundley suffers hamstring injury vs. Bears

    Packers QB Brett Hundley suffers hamstring injury vs. Bears

    Davante Adams and Randall Cobb have combined for 865 receiving yards and seven touchdowns while Jordy Nelson has 33 receptions. The Bears had a replay challenge backfire in a big way as they were threatening to score in the second quarter.
  • Nandi Awards: Mohanlal wins best supporting actor award for Janatha Garage!

    Nandi Awards: Mohanlal wins best supporting actor award for Janatha Garage!

    Mohanlal and Jr NTR winning the awards is another big reason for the makers of Janatha Garage to be proud of. "Kruthagnathalu". Krishnam Raju, Eswar, Chiranjeevi were selected for the Raghupathi Venkaiah film award for the years 2014,2015 and 2016.
    MMA legend Michael Bisping plans to retire in March at UFC London

    MMA legend Michael Bisping plans to retire in March at UFC London

    Are those odds accurate? Earlier this evening, "The Spider" issued a statement on his removal from the UFC Shanghai fight card. Bisping stunned the MMA world when he agreed to replace Silva in China less than two weeks after losing to GSP in NY .
    Church opens for first time since shooting

    Church opens for first time since shooting

    But when organizers realized about 500 people were planning to attend, the service was moved outside. The front three rows were reserved for survivors of the attack and the families of those killed.