Seattle, Boeing (NYSE: BA) announced Friday that Xiamen Airlines has agreed to purchase 40 Boeing Next-Generation 737-800s. The airline plans to utilize the aircraft for additional international routes to meet growing passenger traffic in Asia-Pacific and China.
The order, which is valued at $3.5 billion at list prices, requires Chinese Government approval and Boeing will work with Xiamen Airlines to obtain approval. After that time the order will be posted to Boeing's orders & deliveries website.
Ihssane Mounir, vice president of Sales and Marketing for Greater China and Korea, Boeing Commercial Airplanes, said, "Xiamen Airlines is a valued customer of The Boeing Company and we are delighted that Xiamen has decided to add to their expanding Next-Generation 737 fleet.
"This commitment from one of the fastest growing airlines in the world is a testament to the world's best-selling airplane and the many advantages the Next-Generation 737 provides to the airline and its passengers."
Xiamen Airlines currently operates an all-Boeing fleet of six 757 airplanes and 77 Next-Generation 737 airplanes. The carrier plans to grow its operational fleet to 200 airplanes by the end of year 2020. Xiamen-based Xiamen Airlines is a privately-owned subsidiary of China Southern Airlines.
