Jeju Air Signs Deal for 50 737 MAX

Korean low cost carrier Jeju Air has placed an order for 40 Boeing 737 MAX 8 airplanes with options for 10 additional aircraft. The order that includes options, is valued at $5.9 billion at list prices. The aircraft will be delivered between 2022 and 2026. The airline which began operations in 2005 as Korea’s first low cost carrier operates an all Boeing fleet of 39 737-800s. Seok-Joo Lee, President and Chief Executive Officer of Jeju Air said, “With Korea’s growing commercial aviation market, we are excited to take the next step in expanding our business with the Boeing 737 MAX, a world-class airplane that will allow us to improve our operations and continue to provide safe and enjoyable experience for our passengers. The Boeing 737 MAX 8 with its superior performance as also its economics, make it an ideal airplane for the implementation of our growth strategy as we look to expand into regions beyond Asia in the coming years.”