777 Partners, a private investment firm based in Miami, Florida, ordered 24 Boeing 737 MAX aircraft, with an option to add 60 additional jets.
Boeing announced the deal on March 12, 2021. 777 Partners signed up for 24 firm orders and 60 options on the 737 MAX 8, which will be placed “with its growing portfolio of low-cost carrier investments around the world,” read the announcement by the planemaker. So far, the Miami, Florida-based firm owns the Canadian ultra-low-cost-carrier Flair Airlines.
In January 2021, the Canadian carrier announced that it would acquire 13 Boeing 737 MAX aircraft, leased from its owners, 777 Partners.
“We could not be more excited to partner with Boeing on this transformative order for our growing aviation business. The 737-8 aircraft are a fantastic addition to our aviation portfolio and will enable our partners to leverage the jets’ superior economic performance to deliver low fares for their passengers while reducing their carbon footprint,” stated Joshua Wander, the founder and managing partner at 777 Partners. According to Wander, the current crisis and the fact that full-service airlines made a step back will enable the firm’s operators to “accelerate the recovery in the destinations they serve.”
“We are humbled to call one of America’s greatest manufacturers our partner in this endeavor,” added Wander.
While the Boeing 737 MAX aircraft family experienced a relative doldrum during its grounding period in terms of orders, once the Federal Aviation Administration, followed by other aviation authorities began to unground the aircraft, orders started to recover. So far, since November 2020, Boeing has booked 146 firm orders for the MAX, excluding the recent order by 777 Partners.