Dubai Airshow 2017: Boeing secures 20 737 MAX order from ALAFCO

Wednesday, 15 Nov, 2017

Kuwait-based Aviation Lease and Finance Company (Alafco) agreed to buy 20 additional single-aisle Boeing 737 MAX 8 jets in a $2.2 billion deal that doubles its order book for the aircraft.

The deal, valued at Dollars 2.2 billion at current list prices, was announced as a commitment at the Paris Air Show.

Boeing said it was the biggest ever order from the Middle East for single-aisle passenger planes. 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.

This new deal surpasses the flydubai's previous record order of 75 MAXs and 11 Next-Generation 737-800s which was signed at the 2013 Dubai Airshow.

The Boeing announcement came less than two hours after its arch rival, Airbus, announced a massive order for 430 airliners worth roughly $50 billion at list prices.

The airline's chairman HH Sheikh Ahmed bin Saeed Al Maktoum said it would receive the first planes from 2019 and use them to continue to expand its route network from 97 destinations at present.

"We are pleased to grow our partnership with ALAFCO and support their fleet expansion", said Boeing Commercial Airplanes president, Kevin McAllister. To date, flydubai has taken delivery of 63 737-800s and three 737 MAX 8 airplanes.