Beijing's Okay Airways Orders 10 Boeing 737-800s

Beijing-based Okay Airways, a privately owned airline, has ordered 10 Next-Generation Boeing 737-800s. The order is valued at $800 million at average list prices.

"Okay Airways is a firm believer in the Next-Generation 737-800, which is the backbone of our fleet and has proved its reliability and efficiency on a daily basis," said Wang Shusheng, chairman of Okay Airways. "The new additions will help us expand our domestic routes and even explore regional markets."

Okay Airways, an all-Boeing operator, obtained Civil Aviation Administration of China's (CAAC) approval and started commercial operation in March 2005. Okay Airways is headquartered in Beijing and uses Tianjin Binhai International Airport as its fleet base.

The airline currently operates four 737s, including three 737-800s and one 737-300 converted freighter, on trunk routes with direct flights to more than 20 domestic destinations.

Okay Airways will also lease four 737-800s this year, and plans to expand its fleet by leasing five 737-800s each year prior to the new delivery.

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