- International lessor places first 737 MAX order since 2017, citing confidence in long-term demand for the fuel-efficient 737-8
PR Newswire
LE BOURGET , France , June 20, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Avolon, the international aircraft leasing company, today announced an order for 40 737 MAX airplanes at the Paris Air Show.
"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 MAX will provide Avolon's customers with greater flexibility across their network, while reducing fuel use and emissions by 20% compared to the airplanes they replace. On average each airplane will save up to 8 million pounds of CO 2 annually compared to airplanes it replaces.
"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 1,000 th 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."
This order was previously unidentified on the Boeing Orders & Deliveries website.
The 737-8 models, seating 162 to 210 passengers depending on configuration and with a range of 3,500 nautical miles, is the market's most versatile single-aisle airplane, capable of operating profitably on short and medium-haul routes.
Boeing customers have placed more than 1,000 orders and commitments for the company's new commercial airplanes since July 2022 . This includes over 750 737 MAX airplanes, reflecting the value of the family's versatility and commonality.
About Avolon
Headquartered in Ireland , with offices in the United States , Dubai , Singapore and Hong Kong , Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems Limited, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is a global leader in aircraft leasing with an owned, managed and committed fleet, as of 31 March 2023 of 830 aircraft. 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
SOURCE Boeing