Fiji Airways to buy five B737 MAXs from Boeing
The airline currently operates five Boeing 737s (one 700 series/ four 800 series) on its short and medium haul network to destinations including Australia, New Zealand, Hawaii, Kiribati, Samoa, Solomon Islands, Tonga and Vanuatu.
The first two of the five brand new B737 MAX 8 aircraft will arrive in 2018, and the remaining three will arrive in 2019.
The announcement was made jointly in the Fijian capital, Suva, today by Fiji Airways and the Fijian Government - the airline’s majority shareholder.
Andre Viljoen, Fiji Airways Managing Director and CEO said: “We’re very pleased to confirm the future of our narrow-body fleet, following the conclusion of an extremely exhaustive procurement and selection process.
“The improved operating economics and product enhancements were compelling reasons to consider renewing the current Boeing 737 aircraft.”
“This is a major capital decision that had to be done correctly so we followed a rigorous, thorough and transparent process to find the right solution.
“As a consequence of the fierce competition between the rival bidders and the extensive process followed by Fiji Airways, we have achieved a ground-breaking package deal that represents excellent value for our shareholders, customers and stakeholders.”
Viljoen stated that the package deal secured with Boeing, leasing company GE Capital Aviation Services (GECAS) and engine manufacturers CFM International included a 12-year Sale and Leaseback financing arrangement. ■