Caribbean Airline Arajet Orders 20 Boeing 737 MAX Jets

• Boeing Co (NYSE:BA) received an order for 20 737 MAX airplanes, specifically the high-capacity 737-8-200 model, from Arajet, a new Caribbean airline. Financial terms not disclosed.
• Arajet has options to purchase 15 additional 737 MAX jets, taking the airline's new fuel-efficient fleet to 40 airplanes.
• The aircraft order was finalized in January and is attributed under the unidentified customer list on Boeing's website.
• The airline hosted a launch event at its new hub in Santo Domingo, Dominican Republic.
• Price Action: BA shares are trading lower by 0.91% at $174.63 on the last check Monday.