777 Partners, a Miami-based private alternative investment firm, will nearly double its 737 MAX order book with the purchase of 30 additional jets from Boeing. The new order will expand 777 Partners’ commercial aircraft portfolio to a total of 68 737 MAXs. The order is 777 Partners’ fourth order of 737 MAXs this year. Valued at $3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated carriers.

“We’re delighted to be able to announce the almost doubling in size of our order with Boeing,” Josh Wander, managing partner of 777 Partners, said. “We have long been confident in the economics of the 737 MAX family, but we are especially excited about the 737-8-200 variant, which represents the bulk of our additional orders. We’re confident that this aircraft will be the hallmark ULCC/LCC asset, particularly in the sub-200 seat market. As travel demand returns, 777 has accelerated our quest for efficiencies in both operating cost and carbon footprint at our operating carriers. In these areas, the 737-8 is compelling and the 737-8-200 is simply unrivalled.”

“We greatly appreciate 777 Partners for their trust in our products, including repeat orders for the 737 MAX and expanding their fleet to include the high-capacity 737-8-200 model,” Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing, said. “777 Partners is enabling growth for its affiliated low-cost carriers by leveraging the 737 family’s flexibility, reliability and efficiency to serve passengers for years to come.”