Unprecedented domestic passenger traffic and rapidly expanding low-cost carriers mean the country will need 2,300 new jets – valued at $320 billion – over the next 20 years, the manufacturer argues.

The approved terms define the joint venture comprising the commercial aircraft and services operations of Embraer, in which Boeing will hold an 80 per cent ownership stake and Embraer will hold the remaining 20 per cent.

Boeing Business Jets is launching the BBJ 777X, a new model that can fly more than half way around the world without stopping, farther than any business jet ever built.

Boeing has delivered the first 737 MAX to Fiji Airways, which plans to use the longer-range version of the plane to modernise its single-aisle fleet. Fiji Airways plans to take delivery of five MAX 8 airplanes, which will build on the success of its fleet of Next-Generations 737s.

The airline’s final two 767s are being retired to the South Wales Aviation Museum in St Athan after the last commercial flight - Larnaca in Cyprus to Heathrow – took place yesterday.

The carrier, which has long operated the Next-Generation 737, will take delivery of 12 MAX airplanes in the coming years. The airline commemorated the selection of the MAX during a ceremony featuring national dignitaries, including the prime minister of Trinidad & Tobago, Keith Rowley, and Caribbean Airlines chief executive, Garvin Medera.