Malaysia Airlines announced today an order for 25 B737 MAX 8 aircraft, valued at US$2.75 billion at current list prices. The order also includes purchase rights for additional B737 MAX 8 and B737 MAX 9s. Malaysia Airlines currently operates 56 737-800s.

“This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares,” said Malaysia Airlines CEO Peter Bellew. “With the 737 MAX’s longer range capabilities, we will be able to connect our passengers to more destinations, in greater comfort and with superior economics.”

“Malaysia Airlines is now on a path to growth across the Asean region,” said Bellew. “This new aircraft order will set the stage for our continued recovery and success into the next decade.”

The 737 MAX will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class – eight per cent per seat less than its nearest competitor, according to Boeing.