Boeing Wins $7 Billion 737 Max Order from Air Lease

By Michael Acampora on 9 July 2012
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Red Arrows at Farnborough Air Show

At the start of the Farnborough International Air Show, Air Lease Corporation and Boeing announced an order of 75 Boeing 737 Max aircraft.

The breakdown of the order is  60 737 Max 8s and 15 737 Max 9s.  In addition, Air Lease has rights for 25 additional 737 Max jetliners.

The $7.2 billion purchase is the first deal for 737 Max aircraft by a lessor.  This follows an order from Virgin Australia prior to the show for 23 of the new jetliners.

The Boeing 737 Max is an updated version of the Boeing Next Generation 737, which is designed to provide better fuel efficiency and lower operating costs.

Boeing currently has orders and commitments for over 1,000 737 Max aircraft. Air Lease has ordered a total of 170 planes from Boeing, including the 75 737 Max jetliners, 78 Next Generations 737-800s, five 777-300ERs, and 12 787-9 Dreamliners.

(Photo: Guinnog)

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