Investment firm orders 24 Boeing 737-8 MAX airliners

Boeing and private investment firm 777 Partners announced an agreement to add 24 737-8s to the firm’s aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami, Florida-based company will place the single-aisle airplanes with its affiliated low-cost carriers around the world.

In addition to aircraft leasing, 777 Partners strategically invests in a host of aviation businesses, from operating carriers to technology-driven solutions. The firm’s travel sector strategy is largely focused on innovative solutions for interlining, passenger connectivity, and creating new commerce channels for its airline investments and customers.

Joshua Wander, founder and managing partner of 777 Partners, said, “The retrenchment of traditional carriers globally has created an unprecedented market opportunity for more agile and cost-efficient operators. These aircraft will enable our operators to accelerate the recovery in the destinations they serve.”

The 737-8 can fly 3,550nm, about 600 miles farther than its predecessor. This additional capability allows airlines to offer new and more direct routes for passengers. The 737-8 reduces fuel use and CO₂ emissions by 16% compared to the airplanes it replaces, lower operating costs with a smaller environmental footprint.

“This is a significant order that speaks to 777 Partners’ belief in the 737-8 and the market recovery ahead. We look forward to delivering these jets and supporting a safe and successful entry into service with 777 Partners’ affiliates,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.