🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Boeing says signs deal to sell 8 787s, 8 737s to Malaysia

Published 09/12/2017, 08:51 PM
Updated 09/12/2017, 09:00 PM
© Reuters. FILE PHOTO: Visitors take pictures of a model of Boeing's 787 Dreamliner during Japan Aerospace 2016 air show in Tokyo
BA
-
AIR
-

SINGAPORE (Reuters) - Boeing (N:BA) has signed a memorandum of understanding to sell 16 aircraft to Malaysia Airlines, eight widebody 787 Dreamliners and eight narrowbody 737 MAXs, the company said on Wednesday.

The eight 787-9s were converted from a prior 737 MAX order while Malaysia Airlines also added eight purchase rights over 737 MAX aircraft, Boeing said.

Malaysian Prime Minister Najib Razak announced the plan to buy additional planes for the country's flag carrier during a visit to the White House on Tuesday, telling U.S. President Donald Trump that Malaysia Airlines would buy 25 Boeing 737 jets and eight 787 Dreamliners.

He said the airline would probably add another 25 737s in the near future, a deal he said would be worth more than $10 billion within five years.

Boeing declined to comment on Najib's numbers. Malaysia Airlines in 2016 signed a deal to buy up to 50 737 MAX aircraft, which included 25 firm orders and 25 purchase rights.

Malaysia Airlines Chief Executive Peter Bellew said in a statement that the range of the 787-9 would allow the carrier to operate to any point in Europe and some destinations in the United States. At present, the airline has an all Airbus SE (PA:AIR) widebody fleet.

© Reuters. FILE PHOTO: Visitors take pictures of a model of Boeing's 787 Dreamliner during Japan Aerospace 2016 air show in Tokyo

Two industry sources on Tuesday told Reuters that Malaysia Airlines had considered buying Airbus A330neos before settling on the 787 order. The sources did not want to be named because the discussions were private.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.