SunExpress to buy 10 of troubled 737-8 Max jets

Image
AP Dubai
Last Updated : Nov 18 2019 | 6:15 PM IST

The Turkish airline SunExpress has announced it will be buying 10 of the troubled Boeing 737-8 Max jets, grounded globally after crashes, worth $1.2 billion.

SunExpress, based in the Turkish coastal city of Antalya, said on Monday this brings its Max fleet order to 42 overall. The order was for the 737 Max 8 valued at $1.2 billion at list prices.

SunExpress CEO Jens Bischoff made the announcement at the Dubai Airshow. He said it would add to 32 already on order. The deal has a list price of $1.2 billion but manufacturers typically offer better prices.

The planes have been taken out of service after crashes in Indonesia and in Ethiopia killed 346 people.

It's unclear at what price the airline agreed to. Boeing is currently in talks about compensation with airlines impacted by the grounding of the aircraft and has agreed to settlements with many families of victims on the two Max jet flights that crashed.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 18 2019 | 6:15 PM IST

Next Story