Investing.com - Financial Markets Worldwide

Azerbaijan Airlines signs MoU for four more Boeing 787 jets

Published 07/20/2022, 10:00 AM
Updated 07/20/2022, 10:08 AM
© Reuters. An attendee stands by a Boeing trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra
BA
-

By David Shepardson

FARNBOROUGH, England (Reuters) - Azerbaijan Airlines has signed a memorandum of understanding (MoU) at the Farnborough Airshow to acquire four more Boeing (NYSE:BA) 787-8 Dreamliner jets, its president Jahangir Askerov said on Wednesday.

Askerov said the airline is due to sign a contract for the planes in December and plans to own 10 of the planes by 2030, allowing it open new routes across Central Asia. It currently operates two 787-8 jets.

The airline previously had a contract with Boeing to purchase 10 737 MAX jets that it postponed in 2019.

© Reuters. An attendee stands by a Boeing trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra

"We're not thinking about purchasing MAX for now. This would be the topic for negotiations," Askerov said.

"Azerbaijan Airlines was the first airline in the Caspian and Central Asia region to operate the 787-8 Dreamliner and we currently have two 787-8s in service," he added.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.