US investment firm orders 24 Boeing 737 MAX planes

NEW YORK (CNA) – Investment firm 777 Partners has ordered 24 of Boeing’s 737 MAX 8 aircraft, with an option to order 60 more, the firms announced yesterday.

The order is worth USD2.9 billion for the aerospace giant as it works to recover from the crisis sparked by the 20-month grounding of the MAX planes worldwide following two deadly crashes.

The planes were only cleared to return to the skies in late 2020, but the company also has suffered from the collapse of the travel industry due to the COVID-19 pandemic.

“This is a significant order that speaks to 777 Partners’ belief in the 737-8 and the market recovery ahead,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.

A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington. PHOTO: CNA