Investment firm 777 Partners purchases 24 737 MAX aircraft.

Boeing said Friday that private investment firm 777 Partners has agreed to buy 24 737 MAX aircraft, with an option to purchase an additional 60.

Miami-based 777 Partners will place the planes in its growing portfolio of low-cost airline investments around the world.

See also: Boeing sees potential safety risk in the new Airbus A321XLR.

The deal is expected to boost Boeing’s position and provide much-needed support toward a financial recovery after two fatal crashes of the 737 MAX prompted a 20-month safety ban on the aircraft.

“We couldn’t be more excited to partner with Boeing on this transformational 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 superior economic performance of the jets to offer low fares to their passengers while reducing their carbon footprint,” said Joshua Wander, founder and partner of 777 Partners.

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