Lessor Avolon has placed a large order with Boeing for 40 737 MAX airplanes, citing confidence in long-term demand for the fuel-efficient jet.
“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 737-8 models, seating 162 to 210 passengers depending on configuration, has a range of 3,500 nautical miles.
This order was previously unidentified on the Boeing Orders and Deliveries website.
“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.”
On the second day of the Paris Air Show, Boeing also announced agreements with Air Algérie for eight 737-9 MAX jets and an order with China Airlines for eight 787-9 aircraft.
The biggest deal of the event so far is IndiGo’s record-breaking order for 500 A320neos from Airbus.