Boeing Lands Massive, $6 Billion Order From Ruili Airlines and Two Leasing Companies



Chinese carrier Ruili Airlines and two leasing companies have placed a $6 billion order with Boeing for 60 narrow-body jets, the official Chinese news agency Xinhua reports.

If you want to get super specific, the total transaction is worth more than $6.1 billion (or 38 billion yuan).

According to Boeing’s website, Ruili’s purchase will encompass 737 MAX 7, 8, and 9, jets costing $87.7 million, $106.9 million, and $113.3 million, respectively.

The order will aid in expanding the one year-old Yunnan-based budget carrier’s fleet to 56 jets, up from a dismal five, within the decade.

Avic International Leasing and Minsheng Financial Leasing are the leasing companies that inked the agreement, in association with Ruili Airlines.

“Boeing’s strategy in China will serve China’s national strategy as well as the demand from Chinese customers,” Boeing China president Ian Thomas said late last year. “We not only sell aircraft in China, but we also support the future of safety and efficiency in China’s aviation industry.”

Marshall Smith

Technology, engineering, and design enthusiast.

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