Japanese Leasing Company Buys Two 737's
Boeing and MC Aviation
Partners (MCAP), a wholly owned subsidiary of Mitsubishi Corp.,
have finalized an order for two Next-Generation 737-800s valued at
$153 million at list prices.
The order represents MCAP's first direct purchase of airplanes
"We are delighted that we signed a purchase agreement with
Boeing for two 737-800s. We consider this a very memorable event
for MCAP and Boeing. These aircraft will be leased to Skymark
Airlines Inc. in Japan," said Tatsuo Sato, CEO, MCAP.
"Boeing has enjoyed a long and productive relationship with
Mitsubishi Corp., and we now look forward to a new chapter as we
build a strong relationship with MCAP," said John Wojick, vice
president of Sales - Leasing and Asset Management, Boeing
Commercial Airplanes. "With this purchase of Next-Generation 737s,
MCAP will be able to provide its customers the world's most popular
jetliner - featuring high reliability, fuel efficiency and low
operating costs, valuable factors for successful carriers around
The Tokyo-based MCAP, which holds the largest aircraft lease
assets in Japan, owns 60 airplanes worth more than $2 billion. MCAP
also manages 60 other airplanes.
Earlier this year, Boeing announced performance enhancements to
the Next-Generation 737. The company is reducing fuel consumption
by 2 percent by 2011 through a combination of airframe and engine
improvements. Airplane structural improvements will reduce drag on
the airplane, reducing fuel use by about 1 percent. Boeing's engine
partner, CFM, is contributing the other 1 percent fuel savings
through hardware changes to its engine.
More than 110 customers have ordered more than 5,000
Next-Generation 737s. Boeing has more than 2,150 unfilled orders
for the Next-Generation 737 valued at more than $157 billion at
current list prices.