Boeing Announces Confirmed Order For 75 737 MAXs From Flydubai

(RTTNews) - Boeing Co. (BA) said Monday that it has received a confirmed order for 75 737 MAX 8s and 11 Next-Generation 737-800s, valued at $8.8 billion at list prices, from flydubai.

In addition, the airline retains purchase rights for 25 more 737 MAXs. The order was first announced as a commitment at the 2013 Dubai Airshow, making it Boeing's largest single-aisle airplane order in the Middle East.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 14% fuel-use improvement over today's most fuel-efficient single-aisle airplanes.

Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. The 737 MAX has accumulated more than 1,700 orders to date and will have 8 percent per-seat lower operating costs than the future competition.