New Pilots

Air Niugini Confirms $1M Boeing B737-MAX Deal

2016 08 22

* Down payment on 2018 four aircraft fleet upgrade

PORT MORESBY, Papua New Guinea – Air Niugini Chairman Sir Frederick Reiher has confirmed that the airline has made a $US 1 million down payment to the manufacturers of the Boeing B737MAX airplanes.

He clarified that the figure quoted by Boeing of $US440 million (K1.36 billion) is a "catalogue price" for the four aircraft and not what Air Niugini will pay at settlement.

Sir Frederick also clarified that Air Niugini has ordered four new B737MAX airplanes and that the total price for the four aircraft from Boeing, the manufacturer, is about half of the catalogue price.

He confirmed that although US$1 million as "confirmation fee" – down payment – on Air Niugini’s order has been paid, the installment payments for the airplanes will not begin until about two years before production, or sometimes in 2018.

Air Niugini

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