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Malaysia Airlines agrees to US$3 bil Boeing plane deal

The Edge logo The Edge 13/9/2017 Bloomberg
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(Sept 13): Malaysia Airlines Bhd agreed to buy Boeing Co.’s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation’s flag carrier looks to boost services on its busiest routes.

The airline signed a memorandum of understanding for eight of the carbon-composite Dreamliners, and eight 737 Max 8s, Boeing said in an e-mailed statement late Tuesday. The planes are worth US$3.06 billion at list prices that exclude customary discounts.

The agreement marks a victory for Boeing in a competition that had been viewed as favouring rival Airbus SE. Malaysia had been in talks for the European planemaker’s A330neo wide-body jets, but had been unable to reach a deal on price, Chief Executive Officer Peter Bellew said in an interview in June.

Malaysia Airlines may double an order of 25 of the single-aisle 737 Max 10 over the next five years, Malaysian Prime Minister Najib Razak Najib said at a meeting with U.S. President Donald Trump at the White House on Tuesday, before the announcement.

“We’re talking about trade — very large trade deals,” Trump said. “We’re working on one deal where between US$10 and US$20 billion dollars’ worth of Boeing jets are going to be purchased, General Electric engines will be purchased, and many other things.”
 

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