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

South Korea's Jeju Air buys 40 Boeing planes worth $4.4 billion
FILE PHOTO: The logo of Jeju Air is seen at its office near Gimpo Airport in Seoul, South Korea, August 21, 2017. REUTERS/Kim Hong-Ji   -   Copyright  KIM HONG-JI(Reuters)
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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)

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