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Boeing confirms big Paris Airshow MAX plane deal

December 4, 2017 Headline News No Comments Email Email

Boeing has confirmed a deal with international aircraft leasing company Avolon for 75 737 MAX single-aisle aircraft – a confirmed order for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s.

The agreement, announced as a memorandum of understanding at the 2017 Paris Air Show, is valued at nearly USD 11 billion at list prices including the 75 firm and 20 option aircraft.

Launched at the 2017 Paris Air Show, the MAX 10 will have, according to Boeing, the lowest seat-mile cost of any single-aisle aircraft. The new aeroplane will bolster Avolon’s airplane portfolio to meet growing customer demand in the narrow-body market segment.

“Today’s order for Boeing’s newest 737 MAX airplanes will strengthen Avolon’s position as a leading lessor in the global commercial aviation market,” Avolon chief executive Dómhnal Slattery stated.

The B737 MAX, shown above in Fiji Airways livery

“This is the largest single order that we have placed with Boeing to date and underscores the scale of our ambition and the strength of our business. We have experienced strong interest in our initial MAX orders and this incremental order reflects this demand. With over 140 MAX aircraft now in our owned and committed fleet, we are confident that the superior economics and solid reliability of the 737 MAX family of airplanes will continue to allow our customers to grow their businesses profitably for many years to come.”

Headquartered in Dublin, Ireland, Avolon (and that’s the correct spelling) is one of the world’s leading aircraft leasing firms, with an owned, managed and committed fleet of 915 aircraft as of 30 September 2017. Avolon also has the youngest owned fleet amongst the top three lessors and an order book of exclusively new technology aircraft.

Edited by Peter Needham

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