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Okay Airways to Purchase $1.3 billion in Boeing 737 Aircraft

China’s Okay Airways has signed a commitment for 12 Boeing 737 aircraft valued at $1.3 billion, as the privately owned carrier expands its fleet to serve the China’s growing air travel market. The order is for Boeing’s 737 Max jets, the upgraded version of Boeing’s narrow body aircraft line, and includes options for another eight 737 Max planes. Okay Airways currently has a fleet of 18 aircraft, and expects to grow the fleet to 80 by 2020. The airline also is looking to purchase wide-body aircraft to accommodate longer routes in the future.

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