Boeing, Xiamen Airlines sign Memorandum of Understanding for 737 MAX 200s

Boeing and Xiamen Airlines announced at the 2016 Farnborough International Airshow a Memorandum of Understanding for the purchase of up to 30 737 MAX 200 airplanes, valued at up to US$3.39bn at current list prices. The airline, which is already a 737 MAX customer, sees the MAX 200 as a fit for its low cost subsidiaries, including Jiangxi Airlines and Hebei Airlines. Once the order is finalized, the planes will be powered by CFM International’s LEAP-1B engine. Both parties will work closely to finalize the agreement, which requires the approval of Xiamen Airlines board and the China Southern Airline Group board, as well as the Chinese Government.