LE
BOURGET, France,
June 20,
2023 /PRNewswire/ -- Boeing [NYSE: BA] and Avolon,
the international aircraft leasing company, today announced an
order for 40 737 MAX airplanes at the Paris Air Show.
"Today's announcement reaffirms our long-standing partnership
with Boeing and our support for their 737 MAX program. We are
confident in the long-term demand from our customers for the 737
MAX, and this order extends our delivery pipeline out to 2030,"
said Andy Cronin, CEO, Avolon. "The
transitioning of the global fleet to more fuel-efficient
new-technology aircraft is a priority for our industry, and we are
looking to play a leading role by supporting airlines
achieving their sustainability objectives."
The 737 MAX will provide Avolon's customers with greater
flexibility across their network, while reducing fuel use and
emissions by 20% compared to the airplanes they replace. On average
each airplane will save up to 8 million pounds of CO2
annually compared to airplanes it replaces.
"This order demonstrates the popularity of the 737-8 among the
leasing community and the demand they are seeing from their
customers for this airplane model," said Stan Deal, president and CEO, Boeing Commercial
Airplanes. "Avolon has a long-standing relationship with the 737
MAX program and took delivery of the 1,000th 737 MAX
last year. We look forward to building on this strong relationship
with a key leasing partner as they grow their Boeing portfolio of
airplanes."
This order was previously unidentified on the Boeing Orders
& Deliveries website.
The 737-8 models, seating 162 to 210 passengers depending on
configuration and with a range of 3,500 nautical miles, is the
market's most versatile single-aisle airplane, capable of operating
profitably on short and medium-haul routes.
Boeing customers have placed more than 1,000 orders and
commitments for the company's new commercial airplanes since
July 2022. This includes over 750 737
MAX airplanes, reflecting the value of the family's versatility and
commonality.
About Avolon
Headquartered in Ireland, with offices in the United States, Dubai, Singapore and Hong
Kong, Avolon provides aircraft leasing and lease management
services. Avolon is 70% owned by an indirect subsidiary of Bohai
Leasing Co., Ltd., a public company listed on the Shenzhen Stock
Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems
Limited, a subsidiary of ORIX Corporation which is listed on the
Tokyo and New York Stock Exchanges
(TSE: 8591; NYSE: IX). Avolon is a global leader in aircraft
leasing with an owned, managed and committed fleet, as of
31 March 2023 of 830 aircraft.
www.avolon.aero
About Boeing
As a leading global aerospace company,
Boeing develops, manufactures and services commercial airplanes,
defense products and space systems for customers in more than 150
countries. As a top U.S. exporter, the company leverages the
talents of a global supplier base to advance economic opportunity,
sustainability and community impact. Boeing's diverse team is
committed to innovating for the future, leading with
sustainability, and cultivating a culture based on the company's
core values of safety, quality and integrity. Join our team and
find your purpose at boeing.com/careers.
Contact
Boeing Media Relations
media@boeing.com
Douglas Keatinge
Avolon Head of Communications
dkeatinge@avolon.aero
T: +353 86 037 4163
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SOURCE Boeing
