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Avolon finalizes order for 75 B737 MAXs
November 24th 2017
Avolon, controlled by China’s HNA Group, this week agreed to an order for 75 B737 MAXs: 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s at list prices close to US$11 billion. Read More »
The Avolon confirmation followed several orders for the MAX series at last week’s Dubai Airshow, including 175 B737MAXs on firm order and 50 options for flydubai and confirmation r for 20 B737 MAX 8s, previously announced as a MoU in Paris, from ALAFCO.
“Today's order for Boeing's newest 737 MAX airplanes will strengthen Avolon's position as a leading lessor in the global commercial aviation market,” said Avolon CEO, Dómhnal Slattery.
“This is the largest single order that we have placed with Boeing. It underscores the scale of our ambition and the strength of our business. We have experienced strong interest in our initial MAX orders and this incremental order reflects this demand. With over 140 MAX aircraft now in our owned and committed fleet, we are confident that the superior economics and solid reliability of the 737 MAX family of airplanes will continue to allow our customers to grow their businesses profitably for many years to come,” the lessor boos added.
Avolon had an owned, managed and committed fleet of 915 aircraft as of September 30.
“Today's order solidifies Avolon's commitment to providing their customers with the most efficient, technologically advanced airplane on the market,” said Boeing Commercial Airplanes President and CEO, Kevin McAllister. “We are honored that the 737 MAX family of airplanes will become a key part of Avolon's world-class fleet as they look to leverage the surging demand for narrow-body airplanes in markets around the world.”
The B737 MAX series is exclusively powered by CFM International LEAP-1B engines.
