The Business Times

Fiji Airways orders five new Boeing 737s

Published Wed, Nov 23, 2016 · 05:50 AM

[SUVA, Fiji] Fiji Airways announced on Wednesday it had ordered five new Boeing 737s - reportedly worth US$470 million - as part of a fleet upgrade programme at the Pacific nation's flag carrier.

The airline said it would take delivery of two Boeing 737 MAX 8 aircraft next year and three more in 2018 to replace five earlier-model 737s currently operating.

It did not reveal the cost of the deal but local media reports put the price at FJ$1.0 billion (S$670.2 million).

"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," chief executive Andre Viljoen said.

Fiji Airways has a fleet of 15 aircraft made by a range of manufacturers, including Airbus and Boeing, and began a replacement programme in 2013.

The Fiji government, which owns a majority stake in the airline, said the new planes would give it one of the youngest fleets in the Asia-Pacific region.

"(It) means not only lower operating costs and a smaller carbon footprint but a level of comfort and service for the travelling public," Civil Aviation Minister Aiyaz Sayed-Khaiyum said.

He said that under the deal, Boeing would help Fiji Airlines establish a flight simulator school, making the country an aviation training hub in the Pacific.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here