777 Partners has announced a new order and commitment for up to 66 737 MAX jets, including a firm order for 30 high-capacity 737-8-200s.
This is the U.S. investment firm’s fifth order for the 737 MAX building its portfolio to as many as 134 737 MAXs since 2021.
777 Partners has used the 737 MAX to launch a number of low-cost carriers around the world, with more to follow.
Currently, its investments include Flair Airlines, Canada’s only independent ultra-low-cost carrier, and Bonza Airline, an Australian start-up that will launch operations this year.
Josh Wander, managing partner of 777 Partners said: “This new order marks another milestone in the robust growth of our aviation businesses and concurrently, our partnership with Boeing.
“We are excited about the possibilities the MAX aircraft provide our growing group of carriers to facilitate and democratize low-cost travel around the globe while respecting our commitment to sustainable flying.”
Stan Deal, president and CEO of Boeing Commercial Airplanes said: “777 Partners is leveraging the cost efficiencies of the 737-8 and 737-8-200 for its diverse network of airlines, while also providing an excellent passenger experience and meeting sustainability goals.”
“777 Partners has had tremendous success establishing new carriers worldwide with the 737-8, and the 737-8-200 will allow for continued growth as an even more efficient addition to its portfolio.”
777 Partners is a Miami-based private investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners strategically invests across six broad industries: insurance; consumer and commercial finance; litigation finance; direct lending; sports, media and entertainment; and aviation.
The firm seeks to acquire and build operating businesses that generate long-term, high quality predictable cash flows for its proprietary balance sheet, while consolidating operations across like businesses to create efficiencies and economies of scale. 777 Partners invests at all stages of the business cycle and targets companies accretive to its existing portfolio.
Bonza is Australia’s new, and only independent low-cost airline takes off in 2022*, enabling Australians to explore more of their own backyard, and at low-cost prices. Bonza’s initial route map includes 27 routes to 17 destinations. Ninety-three per cent of Bonza routes are not currently served by any airline and ninety-six per cent are not currently served by a low-cost carrier. The only place to book direct is on the FlyBonza App.
Flair Airlines is Canada’s leading low-fare and greenest airline. With an expanding fleet of Boeing 737 aircraft, Flair is growing to serve over 30 cities across Canada, the U.S., and Mexico. For more information, please visit www.flyflair.com.