Boeing, Monarch announce 737 MAX services agreements, new joint venture
Boeing and Monarch Airlines announced that the UK carrier has selected Boeing's Global Fleet Care - formerly known as GoldCare - for its entire 737 MAX fleet. Through Global Fleet Care's Integrated Fleet Solution, Boeing will deliver maintenance, engineering and parts required to run Monarch's MAX operations following the delivery of its first airplane in 2018. Monarch has also selected Boeing as its flight training provider for its 737 MAX fleet and will be entering into an agreement with Boeing subsidiary AerData for services pertaining to aircraft records management. The two companies have also reached an agreement to collaborate on securing additional third-party fleet servicing agreements. The partnership will seek to capitalize on Boeing's strength and reach within the industry and the expertise of Monarch Aircraft Engineering, which has been providing maintenance, repair and overhaul services to some of the world's best-known airlines for 50 years. Boeing and Monarch also announced an order for 15 additional 737 MAX 8s. Valued at $1.7B at current list prices, the order will grow Monarch's 737 MAX fleet from 30 to 45 airplanes. The order was previously attributed to unidentified customers on the Boeing Orders & Deliveries website. Monarch has confirmed the 15 options and has agreed with a lessor for them to take 13 aircraft for lease back to Monarch.