Boeing Lands $6 Billion Order for 737 MAX Jets From Pegasus Airlines
In a significant win for Boeing, Turkish low-cost carrier Pegasus Airlines has placed a firm order for 100 737 MAX 10 jets, with options for an additional 100 in the future. This order represents the largest for Boeing’s MAX series this year, signaling a major comeback for the U.S. planemaker after a tumultuous period.
A Milestone Order for Boeing
The deal, valued at approximately $5.85 billion after standard industry discounts, highlights a notable shift as Pegasus Airlines moves back to Boeing after previously favoring Airbus for its fleet. The new order strengthens Boeing’s standing in the competitive single-aisle jet market.
“This is a big step for Pegasus as we plan for sustained growth in the coming decade,” said Pegasus Airlines CEO Güliz Öztürk. Deliveries are scheduled to begin in 2028, with the airline indicating its intention to potentially convert its options for 100 more MAX 10 jets into firm orders, depending on future market conditions.
Challenges and Opportunities for Boeing
The order comes after a challenging year for Boeing, which faced stricter regulatory oversight and production setbacks following a mid-air incident involving a 737 MAX jet in January. A strike also halted production for seven weeks, forcing the company to raise $25 billion to stabilize its finances. Production of the 737 MAX resumed in early December, with Pegasus’ order signaling renewed confidence in the aircraft.
Despite these hurdles, Boeing now has over 4,300 orders for 737 MAX jets, including more than 1,200 orders for the 737 MAX 10, the largest model in the series. However, the MAX 10 and the smaller MAX 7 are still awaiting certification from the Federal Aviation Administration (FAA) due to ongoing issues with the engine anti-ice system.
Pegasus’ Rapid Growth
Pegasus Airlines, which has rebounded strongly from the pandemic’s impact, is positioning itself for continued growth in the next decade. This new order reflects the airline’s strategy to expand its fleet and meet increasing travel demand.
“We are committed to supporting Pegasus with our reliable fleet as they grow into the future,” said a Boeing spokesperson.
Market Implications
The order is a significant blow to Airbus, which previously secured Pegasus as a customer. An Airbus spokesperson noted, “We respect the choice of our customer and will continue to support their existing Airbus fleet.”
Following the announcement, Boeing’s shares rose by 2.6%, while Airbus experienced a slight decline of 0.5% in early Paris trading.
Looking Ahead
With deliveries set to begin in 2028, this order not only bolsters Boeing’s production pipeline but also underscores the increasing demand for single-aisle jets as global air travel continues to recover. For Pegasus, the deal ensures it has the fleet capacity to support its ambitious expansion plans in the years to come.
This milestone order could mark the beginning of a brighter chapter for Boeing as it works to rebuild trust and stability in the aviation industry.
