Boeing values the order at more than $1.2 billion at list prices. The deal marks the completion of an agreement announced during the Paris...

Los Angeles-based Air Lease Corporation (ALC) has finalized an order for four Boeing 787-9 Dreamliners and has exercised options for four Boeing 737-800s.

Boeing values the order at more than $1.2 billion at list prices. The deal marks the completion of an agreement announced during the Paris Air Show in June.


“This order is a continuation of Air Lease Corporation’s disciplined approach to building its fleet,” says Ray Conner, senior vice president for sales and customer Support for Boeing Commercial Airplanes. “Air Lease Corporation has positioned itself for success since starting business early last year. These 787-9 Dreamliners and 737-800s support its strategy of establishing a fleet of young, high-quality, high-demand airplanes for its airline customers.”

On December 8, 2011, Los Angeles-based aircraft lessor Air Lease Corporation finalized an order for four Boering 787-9s and exercised options on four Boeing 737-800s

The aircraft join 74 Boeing 737-800s and five Boeing 777-300ER aircraft that ALC already has on order.

“This order will continue to diversify our portfolio of efficient airplanes for our airline customers,” says Steven Udvar-Hazy, chairman and CEO of Air Lease Corporation. “The 787-9, with its increased size and range, will provide our customers the ability to serve more cities with the lowest possible cost per seat.”

The Boeing 787-9 Dreamliner is a slightly larger version of the 787-8 and will carry 250 to 290 passengers on routes of 8,000 to 8,500 nautical miles (14,800 to 15,750 kilometers).

According to Boeing, the 787 provides airlines with incredible fuel efficiency, resulting in exceptional environmental performance. Boeing says the 787-9 burns 20 per cent less fuel than today’s similarly sized aircraft. It also will travel at a cruising speed of Mach 0.85, which is similar to the cruising speeds of today’s fastest widebody jets.

“Air Lease Corporation’s order helps establish the 787-9 Dreamliner in the leasing market,” says Bill Collins, vice president of leasing sales for Boeing Commercial Airplanes. “It also builds on the continued market success of this airplane.”

The order increases the number of 787-9s on order to 270 aircraft from customers located all over the world. The 787 Dreamliner family, including the 787-8 and 787-9, has accumulated orders for a total of 825 aircraft.