This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Boeing, Okay Airways Announce Order For 737 MAXs, Next-Generation 737s

Stocks in this article: BA

FARNBOROUGH, United Kingdom, July 14, 2014 /PRNewswire/ -- Boeing (NYSE: BA) and Okay Airways announced an order today for six 737 MAX 8s and four Next-Generation 737-800s, valued at $980 million at current list prices.

Okay Airways, the first privately owned airline in China, also announced it will convert five 737-800s from a previous order into 737-900ERs (Extended Range). With today's conversion announcement, Okay Airways will be the first airline in China to operate the 737-900ER and has eight of the airplanes on order.

"The 737 is the backbone of our fleet and has fueled our growth with its proven reliability and efficiency," said Liu Weining, president, Okay Airways. "The addition of the new 737 MAX airplanes will help us explore new regional markets while strengthening our existing domestic routes."

"We are honored to partner with Okay Airways once again, as the airline continues to modernize its fleet with Boeing's 737 airplane family," said John Wojick, senior vice president of Global Sales and Marketing, Boeing Commercial Airplanes. "The combination of Next-Generation 737-800s and 737 MAX 8 airplanes is a perfect fit for Okay Airways and will provide its fleet with market-leading efficiency, reliability and passenger comfort for many years to come."

Okay Airways is headquartered in Beijing with its main hub at Tianjin Binhai International Airport. Its jetliner fleet includes 12 Boeing 737-800s and one Boeing 737-300 Freighter, which serves 40 domestic destinations.

The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 is 2.2 meters longer, providing customers with more flexibility and cost efficiency than the A320neo in the heart of the single-aisle market. Airlines operating the 737 MAX 8 will see an 8 percent operating cost per seat advantage over the A320neo. The 737 MAX has surpassed 2,000 orders from 42 customers worldwide, the most successful launch in Boeing history.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs