Thu, Jul 12, 2012
Commitment To Purchase Up To 20 737 MAXs And 10 Next-Generation 737-800s
Boeing's list of order announcement at Farnborough continues to grow. The most recent came Wednesday ... a commitment by Avolon to purchase 10 737 MAX 8s and 5 737 MAX 9s, as well as 10 Next-Generation 737-800s. The commitment has a list-price value of $2.3 billion and also includes reconfirmation rights for 5 more 737 MAX airplanes.
Boeing looks forward to working with the Dublin-based lessor to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.
"Boeing has shared a partnership with Avolon from the beginning," said Ray Conner, president and CEO of Boeing Commercial Airplanes. "Avolon has a significant and strategic role to play in the aviation finance industry and we welcome them as one of the launch lessors of the 737 MAX. With rising fuel costs, the 737-800 and 737 MAX enable Avolon to offer their customers unsurpassed fuel efficiency today and well into the future."
The 737 MAX is a new-engine variant of the world's best-selling airplane and builds on the strengths of today's Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines. The planemaker says airlines operating the 737 MAX will see a 13 percent fuel burn improvement over today's most fuel efficient single-aisle airplanes and an 8 percent operating cost per seat advantage over tomorrow's competition.
"Today's announcement once again reflects both the scale of our ambition and the strength of our financial backing," said Domhnal Slattery, CEO of Avolon. "It also reflects our commitment to our customers as we enhance our fleet, grow our business and continue to deliver superior risk-adjusted returns for our shareholders."
Once this commitment is finalized, Avolon's backlog will grow to 36 737s.
(Image provided by Boeing)
More News
Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]
Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]
Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]
ANN's Daily Aero-Term (04.24.24): Runway Lead-in Light System
See All