Airplane lessor SMBC Aviation Capital has increased its single-aisle portfolio with a order for 25 Boeing 737-8s, taking its backlog to 81 737 MAX jets.

The aircraft will operate profitable on short- and medium-haul routes and will reduce fuel use and emissions by up to 20% and on average.

“As one of the industry’s leading airplane lessors, SMBC’s decision to increase its 737 MAX backlog with an order for 25 737-8s shows its confidence in the value the airplane brings to its airline customers,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “The 737-8’s incredible versatility and unrivalled fuel-efficiency makes it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.”

Peter Barrett, CEO of SMBC Aviation Capital, added, “This transaction demonstrates our commitment to provide our customers with the latest-technology, most fuel-efficient aircraft, as they seek to meet their own sustainability objectives and reduce operating costs. Our customers have demonstrated clear, long-term demand for the 737 MAX and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel.”

Boeing has secured more than 400 737 MAX family orders in 2023 alone.

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