SEATTLE, Nov. 19, 2017 /PRNewswire/ -- Boeing (NYSE: BA)
and Avolon, the international aircraft leasing company, today
finalized an order for 75 737 MAX airplanes. The confirmed order is
for 55 MAX 8s and 20 MAX 10s, with options for 20 additional
MAX 8s.
The agreement, announced as a memorandum of
understanding at the 2017 Paris Air Show, is valued at nearly
$11 billion at list prices including
the 75 firm and 20 option aircraft.
Launched at the 2017 Paris Air Show, the MAX 10 will have the
lowest seat-mile cost of any single-aisle airplane. The new
airplanes will bolster Avolon's airplane portfolio to meet growing
customer demand in the narrow-body market segment.
"Today's order for Boeing's newest 737 MAX airplanes will
strengthen Avolon's position as a leading lessor in the global
commercial aviation market," said Avolon CEO, Dómhnal Slattery.
"This is the largest single order that we have placed with Boeing
to date and underscores the scale of our ambition and the strength
of our business. We have experienced strong interest in our initial
MAX orders and this incremental order reflects this demand. With
over 140 MAX aircraft now in our owned and committed fleet, we are
confident that the superior economics and solid reliability of the
737 MAX family of airplanes will continue to allow our customers to
grow their businesses profitably for many years to come."
Headquartered in Dublin,
Ireland, Avolon is one of the world's leading aircraft
leasing firms, with an owned, managed and committed fleet of 915
aircraft as of September 30, 2017.
Avolon also has the youngest owned fleet amongst the top three
lessors and an order book of exclusively new technology
aircraft.
"Today's order solidifies Avolon's commitment to providing their
customers with the most efficient, technologically advanced
airplane on the market," said Boeing Commercial Airplanes President
and CEO Kevin McAllister. "We are
honored that the 737 MAX family of airplanes will become a key part
of Avolon's world-class fleet as they look to leverage the surging
demand for narrow-body airplanes in markets around the world."
The 737 MAX is the fastest-selling airplane in Boeing history,
having surpassed 4,000 total orders from 92 customers. The MAX
family incorporates the latest technology CFM International LEAP-1B
engines, Advanced Technology winglets and other improvements to
deliver the highest efficiency, reliability and passenger comfort
in the single-aisle market.
Contact:
Kevin Yoo
International Communications
Boeing Commercial Airplanes
+1 206-249-6372
kevin.k.yoo@boeing.com
About Avolon
Headquartered in Ireland, with
offices in the United States,
Dubai, Singapore, Hong
Kong and Shanghai, Avolon
provides aircraft leasing and lease management services. Avolon is
a wholly-owned, indirect subsidiary of Bohai Capital Holding Co.,
Ltd., a Chinese public company listed on the Shenzhen Stock
Exchange (SLE: 000415). Avolon is the world's third largest
aircraft leasing business with a pro-forma owned, managed and
committed fleet, as of 30 September,
2017 of 915 aircraft.
Website: www.avolon.aero
Twitter: @avolon_aero
Sean Pattwell
Head of Communications
spattwell@avolon.aero
T: +353 87 703 4232
View original
content:http://www.prnewswire.com/news-releases/boeing-avolon-finalize-deal-for-75-737-max-airplanes-300559137.html
SOURCE Boeing