Boeing and Jeju Air have announced an order for three Next-Generation 737-800s.
The order, valued at nearly $300 million at current list prices, will become the airline’s first direct-purchased airliners from Boeing and was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website.
“This acquisition is a major step in our growth strategy,” said Ken Choi, Chief Executive Officer, Jeju Air. “We fully understand the benefits of owning and operating airplanes, which is what drove our decision to purchase these airplanes. We are confident that this order will enable Jeju Air to further strengthen our position as a leading low-cost carrier in Northeast Asia.
“In addition, the 737 forms the backbone of our fleet and it has been a reliable work-horse for our airline over the past decade,” said Mr Choi. “We look forward to introducing these brand-new airplanes into our fleet in the near future.”
Jeju Air, based in South Korea, was established as the country’s first low-cost carrier in 2005 and launched operations in 2006. It currently operates an all-Boeing fleet of 26 Next-Generation 737-800s.