Air Lease Corporation has announced at the Farnborough International Airshow 2012 a firm order for 60 Boeing 737 MAX 8 and 15 737 MAX...

Air Lease Corporation has announced at the Farnborough International Airshow 2012 a firm order for 60 Boeing 737 MAX 8 and 15 737 MAX 9 jets, along with reconfirmation rights for 25 additional 737 MAXs.

Boeing says the order, which has a list-price value of $7.2 billion, represents the first Boeing 737 MAX order by a leasing company.


At the Farnborough International Airshow 2012 on July 9, 2012, Air Lease Corporation announced a firm order for 60 Boeing 737 MAX 8 and 15 737 MAX 9 aircraft, along with reconfirmation rights for 25 additional 737 MAXs. The order, which has a list-price value of $7.2 billion, represents the first 737 MAX order by a leasing company

“The 737 MAX is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s,” says Steven Udvar-Hazy, chairman and CEO of Air Lease Corporation. “The 737 MAX represents a step-change improvement that our airline clients need to compete in the future.”

According to Boeing, airlines operating the 737 MAX will see a 13 per cent fuel burn improvement over today’s most fuel efficient single-aisle jets and an 8 per cent operating cost per seat advantage over tomorrow’s competition: the Airbus A320neo, China’s COMAC C919 and Russia’s Irkut MS-21. All three competing manufacturers are likely to disagree with Boeing.

“This 737 MAX order continues ALC’s disciplined approach to building its young, fuel-efficient fleet,” says Ray Conner, Boeing Commercial Airplanes’ president and CEO. “The ALC leadership team has an excellent record of placing Boeing airplanes with airlines worldwide. They are an ideal partner to help establish the 737 MAX in the leasing market.”

To date, the 737 MAX has orders and commitments for more than 1,000 aircraft, according to Boeing. The manufacturer announced an order for 23 737 MAX jets three days ago, just before the start of the Farnborough International Airshow 2012, from Virgin Australia.

ALC has ordered a total of 170 aircraft from Boeing, including 75 737 MAX jets, 78 37-800s, five 777-300ERs and 12 787-9 Dreamliners.