China's Hainan Airlines is finalising a deal to buy 50 fuel-efficient 737 MAX passenger planes from US aircraft maker Boeing, the two companies announced on Wednesday.
The commitment for the single-aisle 737 MAX 8s, worth a total of more than $5.1 billion at catalogue prices, is subject to approval by the Chinese government, the companies said at the Farnborough airshow.
"The new 737 MAX will help our airline grow, become more efficient and offer five-star service for our passengers," said Hainan Group chairman Adam Tan.
Boeing said Hainan was "finalising terms and working toward a purchase agreement for 50 737 MAX 8s".
"The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government," a statement added.
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