Farnborough, Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced today a firm order for 60 737 MAX 8 and 15 737 MAX 9 airplanes, with reconfirmation rights for 25 additional 737 MAXs. The order, with a list-price value of $7.2 billion, represents the first 737 MAX order by a leasing company.
Steven Udvar-Hazy, Air Lease Corporation's chairman and chief executive officer said, "The 737 MAX is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s.
"The 737 MAX represents a step-change improvement that our airline clients need to compete in the future."
Ray Conner, Boeing Commercial Airplanes' president and chief executive officer, "This 737 MAX order continues ALC's disciplined approach to building its young, fuel-efficient fleet.
"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."
The 737 MAX is a new-engine variant with the CFM International LEAP-1B of the single-aisle Next-Generation 737 aircraft. To date, the 737 MAX has orders and commitments for more than 1,000 airplanes. ALC has ordered a total of 170 airplanes from Boeing including 75 737 MAX, 78 Next-Generation 737-800s, five 777-300ERs (Extended Range) and 12 787-9 Dreamliners.
