South Korea's Jeju Air buys 40 Boeing planes worth $4.4 billion

SEOUL (Reuters) - South Korea's biggest budget carrier, Jeju Air <089590.KS>, purchased 40 Boeing <BA.N> 737-8 Max planes worth $4.4 billion (3.4 billion pounds), the airline said on Tuesday.

The purchase contract includes an option to buy an additional 10 planes, Jeju Air said in a regulatory filing.

Jeju Air said it planned to take delivery of the planes from 2022 through 2026.

(Reporting by Heekyong Yang; Editing by Amrutha Gayathri)