Mumbai/Dubai: Full service carrier Jet Airways today announced its largest-ever fleet order for 75 Boeing 737 Max aircraft at the Dubai Airshow. The order includes options and purchase rights for an additional 50 aircraft.[caption id=“attachment_2351690” align=“alignleft” width=“380”]  Jet Airways orders new aircraft. Reuters[/caption] “The 737 Max incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver greater efficiency, reliability and passenger comfort. The new aircraft will support Jet Airways’ replacement strategy and ensure it maintains a modern, environmentally friendly fleet. Jet Airways currently has a fleet of 115 aircraft,” a Jet Airways release said. The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018. Commenting on the announcement, Jet Airways, chairman, Naresh Goyal said: “This order is an endorsement of our confidence in the long-term prospects of the Indian aviation sector, which reflects the positive forecast for the country’s economy, and offers tremendous potential for growth and development.” Cramer Ball, chief executive officer, Jet Airways said: “This order is a reaffirmation of our commitment to continue providing a best-in-class full service travel experience to our guests. Just as importantly, these new generation aircraft are highly fuel efficient and will help drive our operational efficiency.” Boeing Commercial Airplanes President and CEO Ray Conner said, “Boeing is proud that Jet Airways will be the first airline in India to take delivery of the 737 MAX. The 737 MAX will bring new standards for fuel efficiency and economics, and a premium passenger experience to Jet Airways.” Jet Airways currently operates a fleet of 115 aircraft, which includes a mix of state-of-the-art Boeing 777-300 ERs, Airbus A330-200/300, Next Generation Boeing 737s and ATR 72-500/600s.
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.
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