BEI­JING:

The Pak Banker - - COMPANIES/BOSS -

Boe­ing Co. se­cured a $1.3 bil­lion or­der for nar­row-body planes from Okay Air­ways, with the Chi­nese re­gional car­rier set to de­cide on its first wide-body or­der by the end of the year as it seeks to ex­pand in­ter­na­tion­ally. Okay Air agreed to buy 12 sin­gle-aisle 737s, with an op­tion to pur­chase eight more, Chicago-based Boe­ing said in a state­ment dis­trib­uted at the Sin­ga­pore Air­show Wed­nes­day. The Chi­nese car­rier, which is head­quar­tered in Bei­jing and counts Tian­jin as its hub, is pur­chas­ing eight 737Max-8, three 737MAX-9 and one 737 NG900-ER. The pur­chase on the se­cond day of the Sin­ga­pore Air­show comes amid spec­u­la­tion that the hey­day of big or­ders from In­dia and South­east Asia is end­ing, and that air­lines in the re­gion might have to de­lay de­liv­ery of planes as eco­nomic growth slows. Boe­ing ex­pects China to over­take the U.S. as the world's big­gest avi­a­tion mar­ket in 20 years. Okay Air Chair­man Wang Shusheng told re­porters Wed­nes­day that the air­line needs more planes with its load fac­tor at 90 per­cent. The car­rier plans to fly to Hawaii and Fiji us­ing wide-body planes, and will de­cide be­tween Air­bus Group SE's A350 and Boe­ing's 787 by the end of the year, he said. Okay Air's deal comes two months af­ter Boe­ing landed an or­der for 110 planes val­ued at $10 bil­lion in list prices from state-owned China South­ern Air­lines Co. In Septem­ber, Boe­ing inked a deal to build a fin­ish­ing plant for sin­gle-aisle planes in China.

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