Miami-based investment firm 777 Partners has almost doubled its Boeing 737 MAX commitments, signing for an additional 30 aircraft. The deal is the group’s fourth for the narrowbody this year.
The investment group is no stranger to Boeing's sales department, having previously signed purchase agreements just this year. In March, the investment partership agreed to take 24 737 MAX 8s and 60 purchase rights, before making return visits in August for a further eight jets, and in September for another half-dozen.
The new deal takes the company’s combined MAX order tally to 68 aircraft, of which it is understood to have accepted nine jets. Those received thus far have been placed with Edmonton, Canada-based ultra-low-cost carrier, Flair Airlines. Additional deliveries are expected to be made to the Canadian carrier and Bonza Airline, an Australian start-up which 777 Partners expects to be up and running by “early 2022”.
Josh Wander, managing partner of 777 Partners, said: "We're delighted to be able to announce the almost doubling in size of our order with Boeing. We have long been confident in the economics of the 737 MAX family, but we are especially excited about the [737 MAX 200] variant which represents the bulk of our additional orders. We're confident that this aircraft will be the hallmark ULCC/LCC asset, particularly in the sub-200 seat market.”
Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing, added: "We greatly appreciate 777 Partners for their trust in our products, including repeat orders for the 737 MAX and expanding their fleet to include the high-capacity [737 MAX 200] model."