*

*

Pegasus Airlines' 737 MAX order is worth nearly $6 billion

after

discounts, according to industry analyst

*

Boeing ( BA ) still working with FAA to certify 737 MAX 10 and

MAX 7

*

Pegasus will consider firm orders for 100 more jets based

on

market conditions in coming years

(Adds Airbus shares in paragraph 4 and comment in paragraph 7)

Dec 19 (Reuters) - Boeing ( BA ) has secured a firm

order from Turkish low-cost carrier Pegasus Airlines

for a hundred 737 MAX 10 jetliners, winning back a major

customer from Airbus in a boost for the U.S.

planemaker's largest single-aisle model.

The order, which Boeing ( BA ) said on Thursday includes

options for another 100, marks the biggest MAX order this year

and caps a tumultuous 12 months for the U.S. planemaker

following management and financial upheaval after a mid-air

blowout on a nearly new 737 MAX in January.

The deal is worth $5.85 billion after typical industry

discounts, according to estimated delivery prices from UK-based

Cirium Ascend. Boeing ( BA ) shares rose 2.6% on Thursday.

Airbus shares were down 0.5% in early trade in Paris on

Friday.

The unexpected reversal for Airbus comes a year after

Pegasus indicated it would stick to its current supplier for its

next jet order.

The budget airline has long been a battleground between

plane giants, driving hard bargains to defect to Airbus about a

decade ago and now switching back to its original supplier.

"We respect the choice of our customer. We will continue to

stand by them and serve them with their existing Airbus fleet,"

an Airbus spokesperson said.

Boeing's ( BA ) mid-air blowout led to stricter regulatory

oversight, which exposed significant production safety and

quality problems. A strike shut down almost all Boeing ( BA ) jetliner

production for seven weeks.

The company raised $25 billion to shore up its battered

finances.

With the strike over, Boeing ( BA ) cautiously restarted 737

production in early December, Reuters first reported.

With the Pegasus order, Boeing ( BA ) has orders for more than

4,300 737s, including over 1,200 for the 737-10, the largest

model in the MAX family, according to the company.

However, the U.S. Federal Aviation Administration (FDA) has

not yet certified the MAX 10 and the MAX 7, the smallest model,

due to problems related to the engine anti-ice system.

Deliveries are expected to begin in 2028, Pegasus said.

Planemakers get most of the cash when the jet is delivered to a

customer.

Boeing ( BA ) expects to continue burning cash next year, CEO Kelly

Ortberg said in October.

Pegasus, which has seen a rapid recovery in travel after the

pandemic, told Reuters this year it was working on a jet order

to continue its fast-paced growth into the next decade.

The airline will consider converting its options for 100

more MAX 10 aircraft into firm orders in the coming years

depending on market conditions and fleet needs, Pegasus Airlines

CEO Güliz Öztürk said in a statement.