Boeing 737 MAX ACG
A computer rendering of a Boeing 737 MAX in the colors of Aviation Capital Group. Boeing

Low-cost airline Flydubai has finalized an order for 75 Boeing 737 MAX aircraft and 11 next-generation 737-800s, valued at $8.8 billion at list prices. The airlines also retains the right to purchase 25 more 737 MAXs.

The original order was announced at the Dubai Airshow in 2013, making it Boeing’s single biggest order from the Middle East for a single-aisle plane.

"2013 has been a tremendous year for Flydubai. We have launched 16 new routes, delivered profitability in just three years of operation and launched our business class service. The confirmed order for 75 737 MAXs and 11 next-generation 737-800s signifies the maturing of the airline and the strength of our business model as well as support(ing) Flydubai's ambitious growth," said FlyDubai CEO Ghaith Al Ghaith.

Development of the 737 MAX is on schedule; the first flight is due to take place in 2016, with customer deliveries expected one year later. So far, Boeing has received 1,700 orders for the aircraft, which uses 14 percent less fuel than previous models.

The deliveries mean that Flydubai remains a Boeing-only airline.