Xiamen Airlines has signed a memorandum of understanding for up to 30 Boeing 737 Max 200s for its low-cost operations.

The Chinese carrier plans to place the aircraft, which can accommodate up to 200 passengers in an all-economy layout, with its low-cost subsidiaries Hebei Airlines and Jiangxi Airlines.

"The market-leading efficiency and reliability of the 737 Max 200 will enable Xiamen and its subsidiaries to expand its growing network, while maintaining an optimal fleet," says Ray Conner, chief executive of Boeing Commercial Airplanes, in a statement.

The deal is worth $3.39 billion at list prices and is subject to approval by the boards of both Xiamen Airlines and its parent China Southern Airline Group, as well as the Chinese government.

Xiamen has a letter of intent for 30 737 Max aircraft, as well as firm orders for 32 737-800s, Flight Fleets Analyzer shows.

Hebei operates nine 737-700s and -800s, and six Embraer 190s, while Jiangxi operates three 737-800s, Flight Fleets Analyzer indicates. Hebei has firm orders for seven 737-800s and one E190.

Source: Cirium Dashboard