News & Updates

Silk Way Airlines and Boeing sign contract on purchase of 10 Boeing-737 MAX planes

Azerbaijani air company Silk Way Airlines and the American airspace corporation Boeing have the contract for purchase of 10 passenger planes Boeing-737 MAX, Boeing-737 MAX.
The document was signed on April 14 in Baku by President of Silk Way Holding Zaur Ahundov and Senior Vice President of Boeing Marty Bentrott. Participating in the signing ceremony were AZAL President Jahangir Asgarov and Ambassador Extraordinary and Plenipotentiary of the USA to Azerbaijan Robert Sekuta.
Total sum of the agreement makes about $1bln.
Based on the primary discussion with Export-Import bank, for the first time in history of the civil aviation of Azerbaijan financing of the deal about acquisition of aircrafts was carried out without provision of state guarantees.
It is noteworthy that the agreement on supply of modern Boeing-737 MAX aircrafts was signed in summer of the past year within the framework of the international Farnborough Airshow-2016 hosted in Great Britain.
The first two new generation places will be delivered to Azerbaijan by the end of 2018 while the rest will come by the end of 2020.

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