Jet Airways has confirmed orders for 75 737 MAX 8 aircraft at the Dubai Airshow.
This is the largest order in Jet Airways’ history and will support the airline’s fleet replacement strategy for modern and environmentally progressive airplanes.
The order was previously booked by Boeing and attributed to an unidentified customer, revealed today as Jet Airways. It includes conversions of 25 Next-Generation 737s to 737 MAX 8s, options, and purchase rights for another 50 aircraft.
Jet Airways currently has a fleet of 115 aircraft, a mix of Boeing 777-300ERs, Airbus A330-200/300, Next Generation Boeing 737s and ATR 72-500/600s. With an average age of 6.04 years, it is one of the youngest fleets in the region.
“Incorporating the latest design and technology features, the highly efficient 737 MAX will allow us to drive our operational efficiency and reaffirms our commitment to providing a best-in-class full-service travel experience to our guests. 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,” said Naresh Goyal, Chairman, Jet Airways of the announcement.
“Jet Airways has led the path in Indian aviation, providing enhanced connectivity between domestic and international sectors. We are aligned with the Government of India’s mission to provide affordable air connectivity to the people across the country,” he added.
Cramer Ball, Chief Executive Officer of 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.”
The 737 MAX features the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements, which improve aircraft efficiency, reliability, and passenger comfort in the single-aisle market.
The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s, Boeing states, and the lowest operating costs in its class which the manufacturer says is 8 percent less per seat than its nearest competitor.
“Boeing is proud that Jet Airways will be the first airline in India to take delivery of the 737 MAX,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The 737 MAX will bring new standards for fuel efficiency and economics, and a premium passenger experience to Jet Airways.”
The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.
Jet Airways is a member of the Etihad Airways Partners group, together with airberlin, Air Serbia, Air Seychelles, Alitalia, Etihad Airways, Etihad Regional operated by Darwin Airline, and NIKI, expanding members networks and schedules, and giving passengers enhanced frequent flyer benefits.
Jet Airways flies to 73 destinations in India and beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo, Dammam, Dhaka, Doha, Dubai, Ho Chi Minh City, Hong Kong, Jeddah, Kathmandu, Kuwait, London (Heathrow), Muscat, New York (Newark), Paris, Riyadh, Sharjah, Singapore and Toronto.
Featured Image (Boeing): Boeing and Jet Airways, India’s premier international airline, announced an order for 75 737 MAX 8 airplanes at the 2015 Dubai Airshow today. Shown here is a 737 MAX 8 in Jet Airways’ livery.