Azer­bai­jan to buy Boe­ing-737 MAX air­craft for $1B

Azer News - - Nation -

Azer­bai­jan’s Silk Way Air­lines and the US aero­space com­pany Boe­ing have signed a con­tract for the pur­chase of ten pas­sen­ger air­craft Boe­ing-737 MAX.

The doc­u­ment was signed in Baku on Apr. 14 by Pres­i­dent of Silk Way Hold­ing Zaur Akhun­dov and Se­nior Vice Pres­i­dent of Boe­ing com­pany Marty Ben­trott.

The cer­e­mony of the doc­u­ment’s sign­ing was at­tended by the Pres­i­dent of Azer­bai­jan Air­lines CJSC (AZAL) Ja­hangir Askerov and US Ex­tra­or­di­nary and Plenipo­ten­tiary Am­bas­sador to Azer­bai­jan Robert Cekuta.

To­tal cost of the con­tract is about $1 bil­lion.

Based on pre­lim­i­nary dis­cus­sions with the Ex­port-Im­port Bank of the United States (EXIM Bank), the pur­chase of air­craft will be fi­nanced with­out state guar­an­tees for the first time in the his­tory of Azer­bai­jan’s civil avi­a­tion.

It should be noted that the agree­ment on the sup­ply of mod­ern Boe­ing-737 MAX air­craft to Azer­bai- jan was reached in the sum­mer of 2016 dur­ing the Farn­bor­ough In­ter- na­tional Air­show 2016 in the UK.

The first two air­craft of the new­est gen­er­a­tion will be de­liv­ered to Azer­bai­jan by the end of 2018, and the rest – un­til the end of 2020.

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