DUBAI - Boeing [NYSE: BA] and flydubai today announced an order for 75 737 MAX 8 aircraft and 11 Next-Generation 737-800 aircraft, valued at $8.8 billion of list prices. The Boeing 737 MAX aircraft will be powered by the CFM International LEAP-1B engines.

The Dubai based low cost carrier has purchase rights for 25 additional Boeing 737 MAX aircraft. The order was first announced as a commitment at the 2013 Dubai Airshow, making it Boeing's largest single-aisle airplane order in the Middle East.

Ghaith Al Ghaith, flydubai's chief executive officer said: "2013 has been a tremendous year for flydubai. We have launched 16 new routes, delivered profitability in just three years of operation and launched our Business Class service.

"The confirmed order for 75 737 MAXs and 11 Next-Generation 737-800s signifies the maturing of the airline and the strength of our business model as well as support flydubai's ambitious growth."

Marty Bentrott, vice president, sales, Middle East, Russia and Central Asia, Boeing Commercial Airplane, added: "The order is a tremendous endorsement of the ongoing popularity and reliability of the Next-Generation 737-800 and the unsurpassed fuel efficiency that the 737 MAX will offer in the single aisle market.

"We are very proud to be partners in flydubai's success and that the airline will continue its expansion with an all-Boeing fleet."

According to the aircraft maker, the development of the 737 MAX is on schedule with firm configuration of the aircraft was achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. The Boeing 737 MAX aircraft has accumulated more than 1,700 orders to date.

flydubai placed its first order for 50 Next-Generation 737-800s at the 2008 Farnborough Air Show and took delivery of its first aircraft in 2009. flydubai was the first airline to debut the Boeing Sky Interior, has grown its fleet to 34 Next-Generation Boeing 737-800 aircraft.