SEATTLE, Dec. 12,
2023 /PRNewswire/ -- Boeing [NYSE: BA]
and Avolon announced the Ireland-based lessor intends to purchase 40
more 737-8 airplanes to expand the lessor's 737 MAX portfolio –
consisting of 737-8 and 737-10 variants – to more than 110 jets.
Avolon also ordered 40 737-8s in June.
The new order is subject to shareholder approval by Bohai
Leasing Co, Ltd, Avolon's main shareholder, and will be posted to
Boeing's Orders and Deliveries website when finalized.
"Today's order reflects our continuing optimism in the outlook
for the aviation sector and strengthens our ability to meet
customer needs in delivery slots out to 2030 when the availability
of aircraft is very limited," said Avolon CEO Andy Cronin. "We have now committed to 80 new,
fuel-efficient 737 MAX airplanes this year, supporting the
transformation of our fleet to lower emissions airplanes. Avolon
has been a long-standing supporter of the 737 MAX platform,
delivering the 1000th 737 MAX produced earlier this year and the
first ever 737 MAX in 2017. It is a pleasure to partner again with
Boeing on this new order."
The 737 MAX provides Avolon's customers with greater flexibility
across their network, while reducing fuel use and emissions by up
to 20%. On average each airplane will save up to 8 million pounds
of CO2 annually compared to airplanes it replaces.
"With long-term travel demand expected to remain strong, we are
ready to support lessors looking to increase their single-aisle
portfolios with fuel-efficient jets capable of operating across
various route networks," said Brad
McMullen, Boeing senior vice president of Commercial Sales
and Marketing. "Avolon continues to be a significant and much
valued customer for the 737 program. This repeat order, in the same
year, demonstrates its confidence in the 737-8 and the value the
airplane brings to its customers."
The 737-8, seating 162 to 210 passengers depending on
configuration and with a range of up to 3,500 nautical miles, is
the market's most versatile single-aisle airplane, capable of
operating profitably on short- and medium-haul routes.
About Avolon
Avolon is a leading global aviation
finance company connecting capital with customers to drive the
transformation of aviation and the economic and social benefits of
global travel. We pride ourselves on our deep customer
relationships, our collaborative team approach, and our fast
execution. We invest with a long-term perspective, diversifying
risk and managing capital efficiently to maintain our strong
balance sheet. Working with 147 airlines in 65 countries,
Avolon has an owned, managed, and committed fleet of 897 aircraft,
as of 30 September 2023.
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