Air Lease Corporation buys 78 Boeing aircraft in $9.6bn deal

Steve Nichols

  • Posted: 17/07/2018

Air Lease Corporation buys 78 Boeing aircraft in $9.6bn deal

Deal expands ALC’s 737 portfolio to 213 aircraft

Air Lease Corporation buys 78 Boeing aircraft in $9.6bn deal

Boeing and Air Lease Corporation (ALC) have signed a deal for orders and commitments for up to 78 Boeing aircraft, including 75 737 MAX 8s and three 787-9 Dreamliners.

The order, valued at $9.6 billion at current list prices, expands ALC's 737 MAX portfolio to 213 aircraft. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases, while the subsequent 55 737 MAX airplanes are currently commitments until converted into firm orders. In total, ALC has now placed orders and commitments for 361 Boeing aircraft since 2010, including 288 737s, 21 777s and 52 787 Dreamliners.

Steven Udvar-Házy, Executive Chairman of Air Lease Corporation, said: "Demand for reliable, fuel-efficient airplanes is at an all-time high. The capabilities of these new airplanes continue to meet the high expectations of our growing airline customer base."

The company added that the economic and operating advantages of the 737 MAX and 787 Dreamliner will provide its airline customers with "the competitive advantage they need."

Kevin McAllister, President and CEO of Boeing Commercial Airplanes, added: "This new order by one of the world's leading lessors demonstrates the market-leadership of the 737 MAX and 787 Dreamliner.

"The combination of operational efficiency and unmatched passenger comfort underlines the advantages of the 737 MAX and 787. We are delighted that ALC is adding more Boeing airplanes to their world-class portfolio."

737 max is fastest selling aircraft in Boeing's history

Boeing says the 737 MAX family is designed to offer operators exceptional performance, including lower operating costs and more range to open up new destinations. The 737 MAX incorporates the latest CFM International LEAP-1B engines, advanced technology winglets, Boeing sky interior, large flight deck displays and other features. This now makes the 737 MAX the fastest-selling aircraft in Boeing's history, accumulating more than 4,600 orders from 100 customers worldwide.

The 787 Dreamliner, meanwhile, uses 20 per cent less fuel than the aircraft it replaces. Since entering service in 2011, the 787 family has allowed airlines to launch more than 180 new non-stop routes around the world. More than 70 customers have placed nearly 1,400 orders for the aircraft, with Boeing claiming that makes the Dreamliner the fastest selling twin-aisle airplane in history.

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Steve Nichols

  • Posted: 17/07/2018

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