TOKYO, Nov. 10, 2014 /PRNewswire/ -- Boeing (NYSE:
BA) and SMBC Aviation Capital announced an order for 80 737 MAX 8s,
valued at more than $8.5 billion at
list prices. This is the largest single order for 737 MAXs from a
leasing company and will help SMBC Aviation Capital grow its
portfolio of high-demand, fuel-efficient airplanes.
With this agreement SMBC Aviation Capital becomes the 50th 737
MAX customer and grows the program's order book to more than 2,400
airplanes.
"It is 10 years since our business placed its first order with
Boeing and we have enjoyed a decade of successful partnership since
then," said Peter Barrett, CEO, SMBC
Aviation Capital. "The 737 MAX 8 is one of the most fuel efficient
and versatile aircraft available and today's announcement shows our
ongoing commitment to the new generation of the popular 737 family,
as well as our appetite to keep broadening and deepening our
platform in order to service our customers' requirements. Following
this order and given the clear commitment of our shareholders and
the strength of the global aircraft leasing sector, we remain very
confident in our ability to continue to deliver long-term
growth."
SMBC Aviation Capital and Boeing celebrated the announcement
earlier today at a signing ceremony in Tokyo.
"This order is another example of our history of partnership
with SMBC Aviation Capital and Japan," said Boeing Commercial Airplanes
President and CEO Ray Conner.
"Today's announcement from a top leasing company is a vote of
confidence in our 737 MAX and helps SMBC Aviation Capital capture
the strong demand in the single-aisle market."
Boeing's Current Market Outlook forecasts that airlines will
need more than 25,600 single-aisle airplanes like the 737 MAX over
the next 20 years.
The 737 MAX 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. The 737 MAX will be
14 percent more fuel-efficient than today's most efficient
Next-Generation 737s – and 20 percent better than the original
Next-Generation 737s when they first entered service.
Boeing has been doing business in Japan for more than 60 years, during which
time it has built close and enduring partnerships with Japanese
customers and industry partners. Japanese customers have purchased
over 1,000 Boeing airplanes and Japan's aerospace companies make a significant
contribution to all Boeing commercial airplane programs: the 737,
747-8, 777 and 787, and now the 737 MAX and 777X.
SMBC Aviation Capital has 180 Boeing airplanes in its portfolio
and has 95 airline customers in more than 40 countries.
Contacts:
Wilson Chow (Seattle)
Leasing Communications
Boeing Commercial Airplanes
+1 206-766-2918
wilson.chow@boeing.com
Rob Henderson (Tokyo)
International Corporate Communications
Boeing Japan
+81 (0) 90 1420 9662
robert.j.henderson3@boeing.com
Rob Greening and Lisa Kavanagh (London)
Powerscourt for SMBC Aviation Capital
+44 207 250 1446
More information:
http://newairplane.com/customers/smbc-aviation-capital/smbc-aviation-capital-announce-order-for-80-737-maxs/
SOURCE Boeing