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Monday, July 9, 2012

Boeing Opens Farnborough With $7.2 Billion Order for 737 Max

Boeing on Monday kicked off the first day of the 2012 Farnborough Air Show by announcing a firm $7.2 billion order of its 737 Max aircraft from Los Angeles-based Air Lease Corp. (ALC). The order of 75 aircraft includes a reconfirmation option for 25 additional 737 Max aircraft, and is the first 737 Max order by a leasing company.

ALC ordered a total of 60 of the 737 Max 8 and 15 of the 737 Max 9. The 737 Max incorporates CFM International Leap-1B engines.

“The 737 Max is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s," said Steven Udvar-Hazy, chairman and CEO of ALC. "The 737 Max represents a step-change improvement that our airline clients need to compete in the future.”

As of today, Boeing has orders and commitments for more than 1,000 of their 737 Max aircraft.

The order is a good sign for Boeing on the first day of Farnborough, where aircraft orders are expected to be fewer than usual because of a slumping global economy.  

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