GECAS Commits to 75 Boeing 737 MAX 8s and 25 More 737-800s

by Staff on July 10, 2012

Boeing has announced at the Farnborough International Airshow a commitment by GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 737-800s.

The manufacturer says it looks forward to working with GECAS to finalize the details of the agreement, at which time the aircraft will be posted to the Boeing Orders & Deliveries website as a firm order.

On July 10, 2012, Boeing announced at the Farnborough International Airshow 2012 that GE Capital Aviation Services had committed to order 75 Boeing 737 MAX 8 jets and 25 more 737-800s

“GECAS is a leader in the airplane leasing and financing industry with a successful track record of placing 737 with airlines worldwide,” says Ray Conner, Boeing Commercial Airplanes president and CEO. “The GECAS leadership team understands the importance of having advanced, fuel-efficient airplanes to meet their customers’ needs. This commitment confirms the value of the 737 MAX in today’s competitive marketplace.”

“The 737 MAX is a perfect complement to our airplane portfolio,” says Norman Liu, president and CEO of GECAS. “These new Next-Generation 737 and 737 MAX airplanes will continue our long-standing strategy of providing our customers the most fuel efficient, most capable airplanes with the lowest operating costs.”

Airlines operating the Boeing 737 MAX will see a 13 per cent fuel burn improvement over today’s most fuel efficient single-aisle aircraft and an 8 per cent operating-cost-per-seat advantage over tomorrow’s competition, Boeing claims.

To date, the 737 MAX has orders and commitments for more than 1,000 aircraft and the Boeing 737NG family has won orders for more than 6,600 jets.

At the Farnborough International Airshow 2012, Boeing had previously announced an order from Air Lease Corporation for 75 737 MAX jets, while Virgin Australia ordered 23 737 MAX aircraft two days before the show began on July 8. Leasing company ALAFCO also placed an order for 20 737 MAX jets at the show on July 10.

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