Kuwait's Alafco buys 20 Boeing 737 max jets in $2.2 billion deal

Boeing 737 MAX 8. Click to enlarge

Flydubai showcases first Boeing 737 Max 8

Boeing has announced today a $27bn (£20.5bn) deal with low-priced carrier FlyDubai for up to 225 airplanes, which it says marks the biggest single-aisle jet purchase by an airline in the Middle East.

Kuwait's Aviation Lease and Finance Company (ALAFCO) on Monday announced it was exercising options for 20 Boeing 737-8 MAX jets at the Dubai Airshow.

More than 50 of the new planes will be 737 MAX 10s, the largest member of the 737 line with the balance made up of MAX 8 and 9s.

The agreement with flydubai consists of a commitment for 175 MAX aircraft, and purchase rights for 50 additional MAXs.

Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum and Boeing Commercial Airplanes President & Chief Executive Kevin McAllister attend a news conference at the Dubai Airshow in Dubai, UAE November 15, 2017.

The deal for 430 A320neos from United States aviation investor Bill Franke's Indigo Partners more than doubles Airbus' previous order book for the year.

The European manufacturer boasts orders for more than 5,500 aircraft since it launched the A320neo in 2010.

"We are extremely honored that flydubai has selected to be an all-Boeing operator for many years to come".

The 737 Max model purchased by Flydubai is the fastest-selling airplane in the history of Boeing, having surpassed 4,000 orders from 92 customers. The MAX family incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

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