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. Last Updated: 07/27/2016

Boeing Wins $520M Ukraine Order

Boeing, the world's second-biggest commercial airplane maker, won an order from AeroSvit-Ukrainian Airlines valued at $523 million for seven Boeing 737s, the Chicago-based airplane maker said Thursday in a statement.

The airline has also purchased rights for seven more of the 737-800s and will use the new jetliners to replace aging planes in its all-Boeing fleet, Boeing said.

Boeing CEO James McNerney boosted production last quarter to hasten delivery on a 737 order backlog of about 1,500 planes valued at more that $100 billion. The 737, Boeing's top seller, is popular with low-fare airlines and carries a list price of $50 million to $85 million.

AeroSvit plans to replace its entire 737 fleet of 13 planes with the order, its first purchase directly from Boeing. Prior to the announcement, Boeing's web site said the order came from a customer whom it did not identify.