Boeing deal at Farnborough Air Show takes off

Posted on 9 Jul 2012

US aircraft manufacturer Boeing has announced a deal with a $7.2bn list-price value for 60 737 MAX 8 and 15 737 MAX 9 aeroplanes.

The firm order from Air Lease Corporation (also American), represents the first 737 MAX order by a leasing company.

With leasing companies expanding, Air Lease Corporation has negotiated reconfirmation rights for 25 additional 737 MAXs.

Steven Udvar-Hazy, chairman and CEO of Air Lease Corporation, noted how the company’s fleet is growing and that it is now able to leverage deals for bigger and more technologically advanced aircraft.

“The 737 MAX represents a step-change improvement that our airline clients need to compete in the future,” he said.

The 737 MAX is a new-engine variant of the Next-Generation 737.

“The ALC leadership team has an excellent record of placing Boeing airplanes with airlines worldwide. They are an ideal partner to help establish the 737 MAX in the leasing market,” commented Boeing Commercial Airplanes president and CEO Ray Conner.

Californian-based Air Lease Corporation has ordered a total of 170 airplanes to date from Boeing. Purchases include 75 737 MAX, 78 Next-Generation 737-800s and 12 787-9 Dreamliners.