INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Avia to buy 40 Boeing aircraft

The US Commerce Department put the value of the 18 planes at $7 billion. (AFP file)
  • Avia's first firm order with the aviation giant comes with an option to add another 40 jets later, Boeing and Avia said in a statement.
  • The purchase announcement came shortly after striking workers at Boeing last week approved a new contract proposal, ending a more than seven-week stoppage that cost it billions

Washington, United States — Avia Solutions Group has ordered 40 737 MAX 8 aircraft from Boeing, the companies said Tuesday, in a transaction valued at about $4.9 billion — a boost to the aviation giant as it recovers from a worker strike.

Avia’s first firm order with the aviation giant comes with an option to add another 40 jets later, Boeing and Avia said in a statement.

“We have committed to a strategic approach of expanding our capacity to meet our customers’ seasonal needs, and our first order with Boeing is a key pillar of this,” said Gediminas Ziemelis, chairman of the aviation services group.

The purchase announcement came shortly after striking workers at Boeing last week approved a new contract proposal, ending a more than seven-week stoppage that cost Boeing billions.

The end of the strike sends about 33,000 Seattle-area employees back to work and restores operations at two major assembly plants, at a time when Boeing is trying to recover from multiple setbacks.

The factories affected built the 737 MAX and 777 aircraft.

The versatile 737 family is among Boeing’s best-sellers. The 737 MAX 8 can seat 162 to 210 passengers — with a range of up to 6,480 kilometers (about 4,000 miles).

The strike at Boeing exacerbated the company’s already-precarious outlook after a January incident in which a fuselage panel blew out mid-flight on a 737 MAX operated by Alaska Airlines.