Hong Kong’s Greater Bay Airlines set to order for 15 Boeing 737 Max jets

Boeing is poised to win an order for 15 737 MAX jets from Hong Kong’s Greater Bay Airlines, a win for over rival Airbus, which also had been vying to supply planes to the carrier, Bloomberg reported Wednesday Feb. 8.

Greater Bay Air likely will start taking delivery of some of the 737-9 MAX jets, which are 20% more fuel efficient than their predecessor, from mid-2024, according to the report.

Each 737-9 jet is valued at $52.3M based on 2022 prices, meaning the deal would be worth ~$785M, although airlines typically negotiate steep discounts on large orders.

Greater Bay Air seeks to become a challenger to Cathay Pacific Airways and as Cathay’s HK Express budget unit for flights around Asia.

Tensions are mounting between the U.S. and China, shattering Boeing’s hopes for a boost in aircraft sales, Dhierin Bechai writes in an analysis newly posted on Seeking Alpha.