Malaysia Airlines agrees to $3.06bn Boeing plane deal

Men watch Malaysia Airlines aircraft at Kuala Lumpur International Airport in Sepang, Malaysia, on March 2, 2016. (Reuters file photo)

CHICAGO: Malaysia Airlines Bhd agreed to buy Boeing Co’s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation’s flag carrier looks to boost services on its busiest routes.

The airline signed a memorandum of understanding for eight of the carbon-composite Dreamliners, and eight 737 Max 8s, Boeing said in an e-mailed statement late Tuesday. The planes are worth $3.06 billion at list prices that exclude customary discounts.

The agreement marks a victory for Boeing in a competition that had been viewed as favouring rival Airbus SE. Malaysia had been in talks for the European planemaker’s A330neo wide-body jets but had been unable to reach a deal on price, Chief Executive Officer Peter Bellew said in an interview in June.

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