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Monday, November 5, 2012

ALAFCO Places $2 Billion Order for 20 Boeing 737s

Boeing confirmed a $2 billion order from Kuwait’s Aviation Leasing and Finance Co. (ALAFCO) for 20 737 MAX 8s.

The order was originally announced as a commitment at the Farnborough Airshow in July. The aircraft-leasing company said it chose the 737 MAX 8 because of its fuel efficiency.

"This is the first order for the 737 MAX from the Middle East, which is one of the aviation industry's highest growth regions," said Ray Conner, president and CEO of Boeing Commercial Airplanes. "We are proud of the confidence that ALAFCO has placed in the 737 MAX, and hope to continue this partnership well into the future."

Boeing continues to see interest in its 737 model, after recently announcing an order for 35 737 MAXs from Russian aircraft leasing company Aviation Capital Services

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