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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Japan Airlines orders 21 Boeing MAX planes

Photo Credit: Reuters Photo Credit: Reuters
Photo Credit: Reuters Photo Credit: Reuters

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Industry sources said Boeing Inc (BA.N) sold 21 737 MAX planes to Japan Airlines Co (JAL) (9201.T) for at least $2.5 billion at list prices.

Once narrowbody fleet renewal discussions began this month, they said the contract would be revealed on Thursday.

Boeing declined to comment. JAL’s spokeswoman said it was “evaluating this problem” but wouldn’t go further.

JAL, which mostly operates Boeing aircraft and uses the 737-800 as its principal narrowbody plane, will place the first 737 MAX order. After two years, All Nippon Airlines ordered 20 MAX planes in July after the 737 MAX safety problem.

Boeing dominates Japanese sales. During the previous decade, Airbus (AIR.PA) has advanced, most notably with JAL’s 2013 order for widebody A350 planes, while Boeing fought to address its 787 Dreamliner battery problem.

Boeing worked to get the MAX into Japan’s national carrier’s mainline fleet, which Airbus single-aisle A320s dominated.


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