777 Partners Orders 24 Boeing 737-8 Aircraft

777 Partners, a Miami-based private investment firm, has reached an agreement with Boeing to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes.

The company, which was founded in 2015, will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world.

In addition to aircraft leasing, 777 Partners invests in a host of aviation businesses, from operating carriers to technology-driven solutions.

“We could not be more excited to partner with Boeing on this transformative order for our growing aviation business. The 737-8 aircraft are a fantastic addition to our aviation portfolio and will enable our partners to leverage the jets’ superior economic performance to deliver low fares for their passengers while reducing their carbon footprint,” said Joshua Wander, founder and managing partner of 777 Partners. “The retrenchment of traditional carriers globally has created an unprecedented market opportunity for more agile and cost-efficient operators. These aircraft will enable our operators to accelerate the recovery in the destinations they serve. We are humbled to call one of America’s greatest manufacturers our partner in this endeavor.”

The 737-8 can fly 3,550 nautical miles, about 600 miles farther than its predecessor. Boeing says that it also reduces fuel use and CO2 emissions by 16%.

“777 Partners has gained a reputation for investing in high-growth markets and we are delighted to welcome them to the Boeing 737 family. This is a significant order that speaks to 777 Partners’ belief in the 737-8 and the market recovery ahead. We look forward to delivering these jets and supporting a safe and successful entry into service with 777 Partners’ affiliates,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.

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