SCAT Airlines orders five Boeing 737-9 jets, converts existing order
Get Alerts BA Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.4%
Revenue Growth %: +5.2%
Join SI Premium – FREE
Boeing (NYSE: BA) and Kazakhstan-based SCAT Airlines announced that the carrier will purchase five additional 737-9 aircraft and convert five previously ordered 737-8 jets to the larger 737-9 model.
The airline plans to use the 737-9 aircraft to expand its international route network, including flights to Europe. SCAT recently launched a Prague-Sanya service connecting the Czech Republic and China with a technical stop in Bishkek, Kyrgyzstan.
"Converting five of the previously ordered 737-8s to 737-9s, together with the new firm order for five 737-9s, enhances our seating capacity per flight and will improve schedule reliability as we expand our international network," said Vladimir Denissov, president of JSC SCAT Airlines.
The 737-9 seats up to 220 passengers and has a range of up to 6,110 kilometers. Boeing states the 737 MAX family reduces fuel use by 20% compared to the aircraft it replaces.
SCAT Airlines operates from Shymkent, Kazakhstan, and maintains a fleet of nearly 40 Boeing aircraft. The carrier was the first in Central Asia to operate the 737 MAX and currently flies nine 737-8 and five 737-9 aircraft.
The announcement was made according to a Boeing press release. SCAT plans to use the larger fleet to operate what it describes as seventh-freedom routes from Central Asia across Europe and Asia.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Getty Images strikes multi-year display deal with OpenAI for ChatGPT
- Iovance Biotherapeutics (IOVA) files mixed shelf
- BTQ Technologies launches ATM program to sell up to C$150M in shares
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share