Boeing has won a $2.75bn order for 25 737 MAX 8 aircraft from Malaysia Airlines.

The order also includes purchase rights for additional 737 MAX 8 and 737 MAX 9 aircraft.

Malaysia Airlines chief executive officer Peter Bellew said: "This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency, which we will pass on to our loyal customers with lower fares.

"With the 737 MAX's longer range capabilities, we will be able to connect our passengers to more destinations, in greater comfort and with superior economics."

 Currently operating 56 737-800 aircraft, Malaysia Airlines aims to increase its presence in the Asean region with the new order.

Compared with the first next-generation 737 family aircraft, the 737 MAX will offer 20% less fuel consumption.

Powered by CFM International LEAP-1B engines, the aircraft provides the lowest operating costs in its class.

Meanwhile, Boeing has reported a 1% revenue increase in the second quarter results, reaching to $24.8bn based on strong commercial deliveries and services growth.

"We will be able to connect our passengers to more destinations, in greater comfort and with superior economics."

For the quarter ending 30 June, the company has reported a loss of $0.37 ashare (GAAP) and core (non-GAAP) loss of $0.44 a share reflect $3.23 a share impact related to previously announced 787 R&D reclassification and 747 and tanker charges.

Boeing chairman president and chief executive officer Dennis Muilenburg said: "The underlying operating performance of the company remains solid with our commercial and defence teams again delivering strong revenues and operating cash flow.

“Actions taken during the quarter that impacted our earnings were the right, proactive steps to reduce risk and strengthen our position for the future.

"Our strong cash generation also supported our ongoing commitment to invest in product innovation and in our people, and return substantial cash to shareholders through stock repurchases and dividends."

During the quarter, the company has also reported an operating cashflow of $3.2bn, as well as repurchased 15.3 million shares for $2bn.

Image: An artist's rendition of a Malaysia Airlines 737 MAX. Photo: courtesy of Boeing.