Today, Boeing and Malaysia Airlines announced an order for 25 737 MAX 8 airplanes. Previously attributed to an unidentified customer, the purchase is valued at $2.75 billion dollars at current list prices.

Malaysia Airlines CEO Peter Bellew states that the aircraft “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.”

Currently, Malaysia Airlines operates 56 Boeing 737-800s, and took delivery of its 100th 737 back in December 2014.

An artist’s rendition of the Malaysia Airlines livery on the Boeing 737 MAX 8.

The Boeing 737 MAX is advertised to use 20% less fuel than the current latest Boeing 737 Next-Generations as well as an 8% less operating cost per seat than the closest competitor. The aircraft uses the CFM International LEAP-1B engines, Advanced Technology winglets, and many other advances in technology to deliver high efficiency and reliability for customers and greater passenger comfort.