The manufacturer said that, when the deal was finalized, the commitment would mark Avolon's first order for the Boeing 787 and would increase the...

Aircraft leasing company Avolon has signed a commitment for six Boeing 787-9 Dreamliners and five additional Boeing 737 MAX 9 jets.

Announcing the deal on July 14 at the Farnborough International Airshow 2014, Boeing said it valued the potential order at more than $2 billion at current list prices.


On July 14, 2014, at the Farnborough International Airshow, Boeing and Avolon announced a commitment from the leasing company for six 787-9 Dreamliners and five additional 737 MAX 9 jets, in a deal Boeing valued at more than $2 billion at current list prices. Shown in this computer graphic image are a 787-9 and 737 MAX 9 in Avolon's house colors

On July 14, 2014, at the Farnborough International Airshow, Boeing and Avolon announced a commitment from the leasing company for six 787-9 Dreamliners and five additional 737 MAX 9 jets, in a deal Boeing valued at more than $2 billion at current list prices. Shown in this computer graphic image are a 787-9 and 737 MAX 9 in Avolon’s house colors

 

The manufacturer said that, when the deal was finalized, the commitment would mark Avolon’s first order for the Boeing 787 and would increase the lessor’s leasing portfolio of Boeing 737 MAX jets to 20 aircraft.

When finalized, the order will be posted on the Boeing Orders & Deliveries website.

“Our investment strategy is focused on building a portfolio of young, modern and fuel-efficient commercial aircraft,” says Domhnal Slattery, CEO of Avolon. “This order for six Boeing 787-9 aircraft, when combined with our ongoing sale and leaseback investments in the 787 family, reflects our commitment to our customers to have a product offering built around the latest and most technically advanced aircraft available in the market.”

Adds Slattery: “We are also pleased to reconfirm our commitment to purchase five Boeing 737 MAX 9 aircraft. The 737 has proven itself a hugely popular aircraft with airlines, investors and financiers worldwide.”

Slattery continues: “Avolon was one of the first three lessors to order the 737 MAX when we announced our original commitment in July 2012 and we are delighted to increase that commitment now, reflecting our confidence in the asset and our customers’ need to operate the most technologically advanced and fuel-efficient aircraft.”

At 20 feet (6 meters) longer than the 787-8, the Boeing 787-9 extends the family in capacity and range, flying more passengers and more cargo farther.

Since the Boeing 737 MAX program launch on August 30, 2011, the fourth-generation 737 family has won orders for more than 2,000 aircraft from 42 customers worldwide.

Boeing says this sales accomplishment is the most successful launch in its history.