Eclipse Aviation said it has placed an order for 15 Boeing 737 Max 10 planes as it ramps up its business to meet the demand for single-aisle planes in the region.
The Jakarta-based air charter and flight training company said it would finalize the contract during the Singapore Airshow that starts Tuesday. Eclipse Aviation, which is not new to the aircraft business, has been in talks with Boeing in Singapore.
The company said its order comes as customers take delivery of more and more 737 Max planes, keeping the seat count high despite the retirement of older 737 models.
New Zealand-based Jet Airways announced Sunday that it was buying 25 737 Max 8 aircraft to be delivered over the next two years, putting the Indian carrier’s fleet up to 115. Dubai-based airline flydubai also said earlier that it was planning to purchase 100 Max 8 planes from Boeing.
Boeing stock rose 0.7 percent Monday and has gained 1.6 percent so far this year, slightly beating the broad S&P 500. But the stock still ranks as the worst performer in the Dow Jones Industrial Average, and tumbled 5.7 percent in 2018.
Despite the company’s sales, there have been concerns about Boeing’s new model that seat up to 230 passengers.
The 737 Max includes a “stall function” that might cause the plane to lose altitude and crash, putting off potential buyers. In June, the Federal Aviation Administration cited “potential stall threats” with some airlines’ 737 Max models, despite Boeing assurances that they were safe.