777 Partners has ordered an additional 30 Boeing 737 MAX Airplanes, bringing their 2021 order total to 68 737 MAXs, including 737-8 and 737-8-200 models. The Miami-based investment firm is leveraging the 737 to expand efficient operations for their LCC affiliates.
On Tuesday (December 7, 2021), Boeing announced that Miami-based investment firm 777 Partners has ordered and additional 30 737 MAX aircraft, expanding their 2021 order book to 68 737 MAX Family airplanes, including 737-8 and 737-8-200 models. The new order is valued at $3.7 billion at list prices and will allow the company to expand 737 MAX operations across the fleet of their affiliated global low-cost carriers (LCCs). The 737 MAX Family reduces fuel use and carbon emissions by at least 14 percent compared to the airplanes it replaces. Each MAX features a passenger-pleasing Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting and larger pivoting overhead bins.
In Tuesday’s announcement, 777 Partners’ Managing Director, Josh Wander, 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 737-8-200 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. As travel demand returns, 777 has accelerated our quest for efficiencies in both operating cost and carbon footprint at our operating carriers. . In these areas the 737-8 is compelling and the 737-8-200 is simply unrivalled.”
Also commenting on the additional MAX order, Boeing’s Senior Vice President of Commercial Sales and Marketing, Ihssane Mounir, said,
“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 737-8-200 model. 777 Partners is enabling growth for its affiliated low-cost carriers by leveraging the 737 family's flexibility, reliability and efficiency to serve passengers for years to come.”
Founded in 2015, Miami-based 777 Partners is a private alternative investment firm that invests across a range of attractive verticals. The company currently invests across six industries including insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.
Boeing (NYSE:BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality and integrity.
Source: Boeing