Boeing has secured an order for 24 737-8 MAX aircraft from US-based private investment firm 777 Partners.

As part of the agreement, 777 Partners has options to purchase 60 additional aircraft.

Founded in 2015, the company invests in a host of aviation businesses, including operating carriers and technology-driven solutions.

The aircraft will be leased to 777 Partners’ affiliated operating ultra-low-cost carriers.

With a range of 3,550nm, the Boeing 737-8 reduces fuel use and CO₂ emissions by 16% compared with its predecessors.

The aircraft offers Boeing’s new Sky Interior passenger cabin, featuring modern sculpted sidewalls and window reveals, as well as LED lighting and larger pivoting overhead storage bins.

777 Partners founder and managing partner Joshua Wander said: “We could not be more excited to partner with Boeing on this transformative order for our growing aviation business.

“The 737-8 aircraft are a fantastic addition to our aviation portfolio and will enable our partners to leverage the jets’ superior economic performance to deliver low fares for their passengers while reducing their carbon footprint.

“The retrenchment of traditional carriers globally has created an unprecedented market opportunity for more agile and cost-efficient operators.

“These aircraft will enable our operators to accelerate the recovery in the destinations they serve. We are humbled to call one of America’s greatest manufacturers our partner in this endeavour.”

Last week, Boeing reportedly closed in on securing a multibillion-dollar order for its 737 MAX 7 aircraft from US carrier Southwest Airlines.