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Jeju Air orders 3 Boeing 737-800s.

M2 EQUITYBITES-January 12, 2017-Jeju Air orders 3 Boeing 737-800s

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South Korea-based Jeju Air has ordered three Next-Generation 737-800s valued at nearly USD 300 million at current list prices, Boeing (NYSE: BA) said.

The order will become the airline's first direct-purchased airplanes from Boeing and continues its expansion within Asia's rapidly growing air travel market. The order was previously attributed to an unidentified customer on Boeing's Orders & Deliveries website.

The carrier currently operates an all-Boeing fleet of 26 Next-Generation 737-800s.

Jeju Air was established as Korea's first low-cost carrier in 2005 and launched operations in 2006. The carrier currently serves 40 domestic and international routes with approximately 150 daily flights.

The 737-800 is the best-selling version of the Next-Generation 737 family. Jeju Air's new 737 will feature the Boeing Sky Interior, the 787 Dreamliner inspired cabin, providing passengers a greater sense of spaciousness with decorative sculpted sidewalls, larger window reveals, LED mood lighting and larger pivot overhead stowage bins.

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Publication:M2 EquityBites (EQB)
Date:Jan 12, 2017
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