Boe­ing signs deal to sell eight 787s, eight 737s to Malaysia

Business World - - WORLD BUSINESS -

SIN­GA­PORE — Boe­ing has signed a mem­o­ran­dum of un­der­stand­ing to sell 16 air­craft to Malaysia Air­lines, eight wide-body 787 Dream­lin­ers and eight nar­row-body 737 MAXs, the com­pany said on Wed­nes­day.

The eight 787-9s were con­verted from a prior 737 MAX or­der while Malaysia Air­lines also added eight pur­chase rights over 737 MAX air­craft, Boe­ing said.

Malaysian Prime Min­is­ter Na­jib Razak an­nounced the plan to buy ad­di­tional planes for the coun­try’s flag car­rier dur­ing a visit to the White House on Tues­day, telling US Pres­i­dent Don­ald Trump that Malaysia Air­lines would buy 25 Boe­ing 737 jets and eight 787 Dream­lin­ers.

He said the air­line would prob­a­bly add an­other 25 737s in the near fu­ture, a deal he said would be worth more than $ 10 bil­lion within five years.

Boe­ing de­clined to com­ment on Na­jib’s num­bers. Malaysia Air­lines in 2016 signed a deal to buy up to 50 737 MAX air­craft, which in­cluded 25 firm or­ders and 25 pur­chase rights.

Malaysia Air­lines Chief Ex­ec­u­tive Peter Bellew said in a state­ment that the range of the 787-9 would al­low the car­rier to op­er­ate to any point in Europe and some des­ti­na­tions in the US. At present, the air­line has an all Air­bus SE wide-body fleet.

Two in­dus­try sources on Tues­day told Reuters that Malaysia Air­lines had con­sid­ered buy­ing Air­bus A330­neos be­fore set­tling on the 787 or­der. The sources did not want to be named be­cause the dis­cus­sions were pri­vate. —

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