Boeing wins over Rs 8,900 crore buy commitment from China's Okay Airways

Boeing said on Wednesday it has won a commitment from China's Okay Airways to buy 12 aircraft from the 737 family in a deal worth $1.3 billion (Rs 8910.2 crore).

The deal is subject to the approval of the Chinese government and will be posted on Boeing's list of orders once the green light is given, the US aircraft maker said at the Singapore Airshow. Okay Airways, a privately owned airline with headquarters in Beijing, committed to buy eight 737 MAX 8s, three 737 MAX 9s and one next generation 737-900 extended range version.

"We greatly value the ties we have built over the years with Boeing," said Okay Airways chairman Wang Shusheng. He said the additional orders "will modernise our fleet and ensure we operate the most efficient fleet well into the future".