Boeing Wins $1.3 Billion Order for 737s From China's Okay Air
- Carrier will decide on first wide-body purchase by end-2016
- Boeing order comes amid concerns of slowdown in Asia ex-China
The Boeing Co. 737 MAX.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Boeing Co. secured a $1.3 billion order for narrow-body planes from Okay Airways, with the Chinese regional carrier set to decide on its first wide-body order by the end of the year as it seeks to expand internationally.
Okay Air agreed to buy 12 single-aisle 737s, with an option to purchase eight more, Chicago-based Boeing said in a statement distributed at the Singapore Airshow Wednesday. The Chinese carrier, which is headquartered in Beijing and counts Tianjin as its hub, is purchasing eight 737Max-8, three 737MAX-9 and one 737 NG900-ER.