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Investment Firm 777 Partners Orders 24 Boeing 737 MAX

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Boeing will 'very shortly' increase 737 MAX manufacturing to 38 per month.

Boeing [NYSE:BA] and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world.

777 Partners is a Miami-based private alternative investment firm

777 Partners is a Miami-based private alternative investment firm

In addition to aircraft leasing, 777 Partners strategically invests in a host of aviation businesses, from operating carriers to technology-driven solutions. The firm’s travel sector strategy is largely focused on innovative solutions for interlining, passenger connectivity, and creating new commerce channels for its airline investments and customers.

“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.”

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The 737-8 can fly 3,550 nautical miles, about 600 miles farther than its predecessor. This additional capability allows airlines to offer new and more direct routes for passengers. The 737-8 reduces fuel use and CO2 emissions by 16% compared to the airplanes it replaces, and that superior fuel efficiency means lower operating costs and a smaller environmental footprint. Every airplane features the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

777 Partners is a Miami-based private alternative investment firm

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries, leveraging the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

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777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators and financial technology/service providers.

In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.

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Airlines

Etihad Airways Soars to New Heights with Three New Destinations

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Etihad Airways Soars to New Heights with Three New Destinations

Etihad Airways, the national carrier of the United Arab Emirates, has begun flights to three key destinations, fulfilling its promise of development and increased connectivity. Services to Dusseldorf, Germany (DUS) began on September 28, followed by Copenhagen, Denmark (CPH) the next day, and Osaka, Japan (KIX) on October 1.

Meanwhile, the airline announced increased frequency to popular destinations Kuala Lumpur (KUL) and Colombo (CMB).

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Emirates to increase flights on Dubai-Cairo route(Opens in a new browser tab)

The flights are part of a package of new routes and higher frequencies aimed to accommodate consumer demand for more ways to visit Abu Dhabi while also providing even greater access to Etihad’s expanding global network.

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Expanded Frequencies: Increased regularity to Chennai (MAA), Colombo (CMB) Islamabad (ISB), Kochi (COK), Kuala Lumpur (KUL), Madrid (MAD), Milan (MXP), Munich (MUC), Rome (FCO), and Phuket (HKT) offer travelers more choice while improving travel options and connectivity.

Aeroflot resumes flights to Colombo, Bangkok, Goa(Opens in a new browser tab)

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  • Cairo (CAI): An additional 5 flights per week to make triple daily operations to Cairo, effective from 1 Jan, strengthening the link between Abu Dhabi and the Egyptian capital.
  • Colombo (CMB): 7 direct flights per week with 3 flights effective from 1 Dec and 4 flights effective from 1 Jan,increasing to 10 per week from May 2024, further enhancing travel options to this destination.
  • Kuala Lumpur (KUL): Double daily from 15 Jan, 2024
  • Maldives (MLE): An additional 7 flights per week, with 3 flights effective from 1 Dec and 4 flights effective from 1 Jan
DestinationsChangeTotal FrequencyStart Date
DusseldorfNew route3 per week28 September 2023
CopenhagenNew route4 per week29 September 2023
OsakaNew route5 per week1 October 2023
LisbonExtended year-round3 per week29 October 2023
St PetersburgNew route3 per week29 October 2023
KozhikodeNew route7 per week1 January 2024
ThiruvananthapuramNew route7 per week1 January 2024
BostonNew route4 per week31 March 2024
Chennai+7 per week21 per week15 September 2023
Frankfurt+4 per week11 per week29 October 2023
Rome+4 per week11 per week4 November 2023
AmsterdamRetimed7 per week21 November 2023
Kochi+8 per week21 per week21 November 2023
Madrid+3 per week10 per week21 November 2023
Milan+3 per week10 per week21 November 2023
Munich+3 per week10 per week21 November 2023
Phuket+7 per week14 per week21 November 2023
MoscowRetimed7 per week1 December 2023
Cairo+5 per week21 per week1 January 2024
Colombo7 direct per week10 direct per week7 per week10 per week1 January 2024May 2024
Islamabad+2 per week14 per week1 January 2024
Maldives (Male)+7 per week14 per week1 January 2024
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Indian Pilots Could Soon Be Banned on Wearing Perfume

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Indian Pilots Could Soon Be Banned on Wearing Perfume

According to new regulations being reviewed by the nation’s civil aviation regulator, perfume could soon be banned for pilots throughout India.

The prospective ban on perfume is being considered because many fragrances include alcohol, which could generate a false-positive breathalyzer test result. This is not because perfume could distract pilots or even give them headaches.

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Air India Modifies In-Flight Alcohol Service Policy(Opens in a new browser tab)

The Directorate General of Civil Aviation intends to add a provision to the current safety regulations that prohibits crew members from consuming any alcoholic beverage, including mouthwash, tooth gel, and perfume.

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Pilots and cabin staff are routinely subjected to pre-flight breathalyzer tests, which are among the most stringent alcohol regulations for aircrew in the world. An instant three-month license suspension is possible for even the smallest amount of alcohol, which is seen as a favorable result.

60 Pilots, 150 Cabin Crew Members Suspended By DGCA For Failing Alcohol Test(Opens in a new browser tab)

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The proposed perfume ban is intended to address the possibility of falsely positive breathalyser results and guarantee the greatest level of aviation safety. The Directorate General of Civil Aviation seeks to avoid any compromise to the sobriety standards necessary for pilots and crew members by forbidding the use of items that contain alcohol. This action is in line with their dedication to following strict laws and the highest standards of safety in the aviation sector.

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Japan Airlines Unveils New Airbus A350-1000 Cabin Interiors

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Japan Airlines Unveils New Airbus A350-1000 Cabin Interiors

Japan Airlines revealed details about its new Airbus A350-1000 aircraft and cabin furnishings, which will become the airline’s new worldwide flagship after nearly 20 years. Customers may expect an even better degree of comfort aboard the aircraft, as well as a uniquely personalized overall journey.

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Due to a supply chain disruption affecting component delivery, the airline’s launch of the A350-1000 aircraft, which was initially scheduled for late November 2023 on the Tokyo (Haneda) – New York (JFK) route, is expected to begin before the end of the year.

[Highlights of New Services]

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Cabin Interior: The entire aircraft cabin has been created to take passengers in tranquility and immerse them in Japanese aesthetic elegance, creating a peaceful environment that captures the beauty of Japan. The newest interior represents a consistency of JAL’s famous service that continues over its domestic fleet (A350-900 and 787-8 aircraft) and also aims to give a high-quality experience for customers.

Japan Airlines Announces new nonstop Service to Doha(Opens in a new browser tab)

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Seatings: Completely redesigned seats have been installed in all classes to provide JAL’s most relaxing and comfortable experience to date. First Class and Business Class offer spacious, yet fully-private environments, and Premium Economy Class provides enhanced privacy and comfort. Economy Class has been designed for enhanced relaxation and well-being, featuring spacious seating and ample legroom.

Inflight Meal Service: New services that cater to customers’ various interests and values will be provided progressively. To lessen the environmental impact and address social issues, JAL will encourage the use of non-petroleum derived plastics for cutlery and dishes. By working with passengers, the airline hopes to promote a sustainable future.

1. Cabin Interior and Seat Specifications:

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1.1 First Class

The new seating arrangement features just six (6) suites to create a unique and exclusive cabin environment. Seats are designed to provide even greater comfort and the addition of individual doors, for the first time by JAL, increases privacy while also creating a more open individual atmosphere with the elimination of overhead storage compartments.

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2. Business Class

Despite the increase in seat capacity to 54 from the current international flagship configuration, ample spacing has been prioritized to ensure a comfortable and individual inflight experience. Notably, in Business Class, doors have been introduced for the first time to ensure privacy, and overhead storage compartments are exclusively positioned on the window side to create an open atmosphere.

3. Premium Economy Class

In pursuit of the utmost comfort in its class, the cabin features large partitions to significantly improve privacy. It is also the first Premium Economy Class in the world to introduce electrically operated reclining functionality.

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4. Economy Class

Having won the “Best Economy Class Airline Seat” by SKYTRAX for five consecutive terms, JAL has further enhanced the spacious legroom and improved the seating for enhanced comfort.

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