Tuesday, June 20, 2023

Aircraft leasing company Avolon orders 40 Boeing 737 MAX airplanes

International aircraft leasing company Avolon has ordered 40 Boeing 737 MAX airplanes. Boeing announced the order at this week’s Paris Air Show.

"We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030," said Andy Cronin, CEO of Avolon. "The transitioning of the global fleet to more fuel-efficient new-technology aircraft is a priority for our industry, and we are looking to play a leading role by supporting airlines achieving their sustainability objectives."

The 737 MAX will provide Avolon's customers with greater flexibility across their network while reducing fuel use and emissions by 20% compared to the airplanes they replace. Each airplane will save up to 8 million pounds of CO2 annually compared to the airplanes it replaces.

Boeing officials said the order demonstrates the popularity of the 737-8 aircraft.

"Avolon has a long-standing relationship with the 737 MAX program and took delivery of the 1,000th 737 MAX last year,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “We look forward to building on this strong relationship with a key leasing partner as they grow their Boeing portfolio of airplanes."

This order was previously unidentified on the Boeing Orders & Deliveries website.

The 737-8 model, seating 162 to 210 passengers depending on configuration and with a range of 3,500 nautical miles, is the market's most versatile single-aisle airplane, capable of operating profitably on short and medium-haul routes.

Boeing customers have placed more than 1,000 orders and commitments for the company's new commercial airplanes since July 2022. This includes over 750 737 MAX airplanes, reflecting the value of the family's versatility and commonality.

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