Boeing is set to supply 20 new 737 MAX aircraft to a Arajet, a new carrier based in the Dominican Republic. The value of the order was not revealed but it could be worth $2.49 billion based on the list price for the selected 737 MAX-8-200. The buyer, which has indicated plans to establish an all-737 MAX fleet, also took options for a further 15 aircraft – pushing the potential full value of the order to $4.37 billion.
In addition, Arajet is starting service with lease agreements for five 737 MAX. The first 737-8 leased from Griffin Global Asset Management was delivered earlier this month.
"The efficient Boeing 737 MAX, together with financial and operational support from our partners at Griffin and Bain Capital, gives us the solid foundation necessary to provide flights at affordable prices to travelers in the region," stated Arajet founder and executive officer Victor Pacheco Mendez.
Arajet plans to establish an all-737 MAX fleet, using the twin-engine, narrow-body aircraft to serve destinations in the Caribbean, continental U.S., Brazil, Colombia “and beyond” from a hub in Santo Domingo. Boeing frequently emphasizes the 737 MAX’s fuel-efficiency (20% less fuel) and environmental improvements (40% reduction in community noise and lower emissions) than the previous-generation aircraft.
"The 737 MAX is the perfect fit for Arajet and it's an honor to welcome this exciting new operator to the Boeing family," commented Mike Wilson, v.p. of sales, Latin America & Caribbean. "Flying an exclusive 737 MAX fleet will enable Arajet to save on fuel, maintenance and operations costs, and pass those savings on to its customers."