Boeing, Avolon Announce Commitment for 737 MAXs and Next-Generation 737s for $2.3B

Boeing

announced today at the Farnborough International Airshow a commitment by Avolon to purchase 10 737 MAX 8s and 5 737 MAX 9s, as well as 10 Next-Generation 737-800s. The commitment has a list-price value of $2.3 billion and also includes reconfirmation rights for 5 more 737 MAX airplanes. Boeing looks forward to working with the Dublin-based lessor to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order. "Boeing has shared a partnership with Avolon from the beginning," said Ray Conner, president and CEO of Boeing Commercial Airplanes. "Avolon has a significant and strategic role to play in the aviation finance industry and we welcome them as one of the launch lessors of the 737 MAX. With rising fuel costs, the 737-800 and 737 MAX enable Avolon to offer their customers unsurpassed fuel efficiency today and well into the future."