Boeing Secures Fourth 737 MAX Order From Flydubai As Part Of Fleet Expansion

• Boeing said that flydubai currently operates 96 of its 737 aeroplanes and that the new agreement, when finalized, would add to its outstanding 737 MAX orders from prior purchases.
• On Monday, Boeing and Emirates signed a new order at the Dubai Airshow, where the airline placed an order for 65 additional 777X jets. 
• In 2023, flydubai also placed its first-ever widebody aircraft order, purchasing 30 787 Dreamliner jets from Boeing.

Boeing (BA) and flydubai on Wednesday announced that the Dubai-based airline has signed an agreement for its fourth 737 MAX purchase from the aeroplane maker.

The companies noted that the agreement for 75 orders and 75 options will enable flydubai to modernize its fleet and further expand its growing network.

Boeing said that flydubai currently operates 96 of its 737 aeroplanes and that the new agreement, when finalized, would add to its outstanding 737 MAX orders from prior purchases.

Boeing Orders At Dubai Airshow

At the Dubai Airshow, Boeing has signed a slew of orders from several airlines, including Emirates, as well as from Air Senegal and Ethiopian Airlines. On Monday, Boeing and Emirates signed a new order at the Dubai Airshow, where the airline placed an order for 65 additional 777X jets. 

The agreement for 11 737-8, signed at the Dubai Airshow, will enable Ethiopian Airlines to grow its regional and international networks and expand its Addis Ababa hub.

On Tuesday, Boeing and Gulf Air announced that the airline has finalized an order for 15 787 Dreamliners with options for three more as the Bahrain-based carrier looks to further develop its international network.

Flydubai And Boeing Deal

"We are pleased to announce a new aircraft order agreement with Boeing. Looking ahead, proactive fleet planning is essential to ensuring we are well-placed to meet the rising demand for travel, a demand we are confident will continue to grow," said Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai.

Boeing noted that the 737 MAX family delivers better fuel efficiency, improved environmental performance, and increased passenger comfort compared to the aeroplanes they replace. The company added that the 737 MAX is optimized for growth in the Middle East.

In 2023, flydubai also placed its first-ever widebody aircraft order, purchasing 30 787 Dreamliner jets from Boeing.

What Is Retail Thinking?

Retail sentiment on Boeing remained unchanged in ‘neutral’ territory, with message volumes at ‘normal’ levels, according to data from Stocktwits.

Shares of Boeing have gained nearly 30% in the last 12 months. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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