Economy

Malaysia Air, Boeing Sign 16-plane MOU

Malaysia Air, Boeing Sign 16-plane MOU”

The signing of the memorandum of understanding (MoU), Boeing said, was witnessed by Minister of Trade Datuk Seri Mustapa Mohamed in the presence of Prime Minister Datuk Seri Najib Razak in Washington, US, yesterday.

Kok's questions followed reports today that Najib, who is now visiting the White House, had told US President Donald Trump that Malaysia Airlines would buy 25 Boeing 737 jets and eight 787 Dreamliners, and would probably add another 25 737s in the near future. So far, airlines have caught on, as the MAX has amassed over 3,700 orders from almost 90 different customers from across the globe, making it the fastest-selling aircraft in Boeing's 101-year history.

"Number one, we want to help you in terms of strengthening the U.S. economy", Najib told his United States hosts at the White House cabinet room, according to official transcripts of the event.

"New wide-body aircraft are a key to making Malaysia Airlines a premium airline offering a five star product again".

The Memorandum of Understanding converts a previous order for Boeing 737 MAXs to the larger 787-9, and adds the 737 MAX purchase rights.

Malaysia Airlines now operates more than 50 Next-Generation 737s and has an additional 25 737 MAXs on order, including 10 for the new 737 MAX 10.

Malaysia Airlines became the latest carrier with plans to update its fleet with Boeing Co.'s 787 Dreamliner, announcing a plan late Tuesday to buy eight of the wide-body planes assembled in North Charleston and Everett, Wash. We have committed to 25 planes of the 737 MAX 10, plus eight 787 Dreamliners, and a very strong probability-not possibility-that we will add 24-25 more 737 MAX 10 in the near future.

The 787 is a family of technologically advanced, super-efficient airplanes with new passenger-pleasing features and uses 25 percent less fuel and with 20 to 25 percent fewer emissions than the airplanes it replaces.

Boeing touts the 737 MAX as "designed to offer the greatest flexibility, reliability, and efficiency in the single-aisle market". The care service covers maintenance of the airline's current fleet, as well as future Boeing airplanes.



Like this

Latest


13 September 2017
U.S. suspends visas for Cambodian foreign ministry officials
He is the only serious election rival to Hun Sen, who is one of China's closest allies in Southeast Asia. About 1,000 others have not yet been sent back because Cambodia recently stopped accepting them.

13 September 2017
Beshear claims governor's planned spending cuts illegal
Stamper added that "AG Beshear's grandstanding is not only fiscally irresponsible and nonsensical, but it is also contrary to the law".

13 September 2017
US Supreme Court Allows Trump Refugee Ban to Continue
The administration and those suing it have quarreled over what exactly constitutes a "bona fide" relationship. But the Trump Administration filed a request to block the eventual ruling, which they just did.

13 September 2017
Black Lives Matter, Group Covers UVA Jefferson Statue, Lists Demands
On the ground, members of the group read a list of demands following white supremacists events in Charlottesville this summer. Trump drew a line between those landmarks and others of founding fathers like President George Washington and Jefferson.

13 September 2017
Marshawn Lynch to star in Facebook reality show
Lynch is one of the NFL's most popular personalities, recently coming out of a one-year retirement to sign with the Raiders this season.

13 September 2017
Valley opposition parties ask Rajnath Singh to work on J&K's special status
The Union Home Minister also met deputations of major political parties and independent MLAs. I went to Nowshera yesterday where thousands of people were present.

13 September 2017
First Horizon National Corporation (FHN): Insider Trading and Ownership Analysis
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Following the completion of the sale, the director now owns 57,818 shares in the company, valued at approximately $1,020,487.70.

13 September 2017
Grand Ole Opry to host memorial ceremony for Troy Gentry
Montgomery Gentry had just finished its newest album, which was set to be released in 2018 for their 20th anniversary. Known for his wide smile, Gentry was personally driven by faith, family and living life to the fullest.

13 September 2017
Hurricane Irma: Boris Johnson to fly to battered Caribbean
Ms Jackson said there had been reports of people in the streets carrying machetes and looters taking over one family's hotel room. Hurricane Irma was the most powerful storm on record to ever hit the Atlantic, according to the National Hurricane Center.

13 September 2017
Chicago Equity Partners LLC Reduces Position in Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. has a beta of 2.17, offering the possibility of a higher rate of return, but also posing more risk. Sterling Investment Management invested in 3.71% or 85,868 shares. 155 funds opened positions while 739 raised stakes.



Recommended