Business

January 11, 2017
 

Boeing, Jeju Air finalize order for three Next-Generation 737-800s

boeing-order
Boeing and Jeju Air announced an order Jan. 10 for three Next-Generation 737-800s.

The order, valued at nearly $300 million at current list prices, will become the airline’s first direct-purchased airplanes from Boeing and fuel the airline’s continued expansion within Asia’s rapidly growing air travel market. The order was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website.

“This acquisition is a major step in our growth strategy,” said Ken Choi, Chief Executive Officer, Jeju Air. “We fully understand the benefits of owning and operating airplanes, which is what drove our decision to purchase these airplanes. We are confident that this order will enable Jeju Air to further strengthen our position as a leading low-cost carrier in Northeast Asia.

“In addition, the 737 forms the backbone of our fleet and it has been a reliable work-horse for our airline over the past decade,” said Choi. “We look forward to introducing these brand new airplanes into our fleet in the near future.”  

The carrier currently operates an all-Boeing fleet of 26 Next-Generation 737-800s.

“We are honored to partner with Jeju Air as they continue to strengthen their presence in the competitive Northeast Asian market,” said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes. “This order is a testament of the market-leading efficiency, reliability and passenger comfort of the 737. We look forward to introducing additional 737s to Jeju Air’s expanding fleet.”

Jeju Air, based in South Korea was established as Korea’s first low-cost carrier in 2005 and launched operations in 2006. The carrier currently serves 40 domestic and international routes with approximately 150 daily flights.

The 737-800 is the best-selling version of the highly successful Next-Generation 737 family, which is the world’s most popular airplane. Jeju Air’s new 737 will feature the Boeing Sky Interior, the 787 Dreamliner inspired cabin, providing passengers a greater sense of spaciousness with decorative sculpted sidewalls, larger window reveals, LED mood lighting and larger pivot overhead stowage bins.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines – September 19, 2018

News North Korea’s Kim agree to inspections in bid to salvage nuclear talks – North Korea said on Sept. 19 it would permanently abolish its key missile facilities in the presence of foreign experts, the latest gesture by leader Kim Jong Un to revive faltering talks with Washington over his country’s nuclear program.    ...
 
 

News Briefs – September 19, 2018

Air Force: Space Force would cost $13 billion over 5 years Creating a Space Force as a separate military service, as proposed by President Donald Trump, would cost an estimated $12.9 billion in its first five years, according to a detailed Air Force plan for how to go about it. This is the first publicly...
 
 
Northrop Grumman photograph

Northrop Grumman showcases autonomous maritime capabilities

Northrop Grumman photograph Northrop Grumman’s Fire Scout autonomous surrogate launches a sonobuoy as part the 2018 Advanced Naval Training Exercise in Newport, Rhode Island. Northrop Grumman in collaboration with industry pa...