Korean low cost carrier Jeju Air has placed an order for 40 737 MAX 8 airplanes with options for 10 additional aircraft. The order including options is valued at $5.9 billion at list prices. The aircraft will be delivered between 2022 and 2026.
The airline which began operations in 2005 as Korea’s first LCC operates an all Boeing fleet of 39 737-800s.
Seok-Joo Lee, President and CEO of Jeju Air
“With Korea’s growing commercial aviation market, we are excited to take the next step in expanding our business with the 737 MAX, a world-class airplane that will allow us to improve our operation and continue to provide a safe and enjoyable experience for our passengers, The 737 MAX 8 and its superior performance and economics make it an ideal airplane to implement our growth strategy as we look to expand beyond Asia in the coming years.”