Industry Avolon confirms order for 75 Boeing 737 MAX

  • Avolon

Dublin based Avolon has confirmed a firm order for 75 Boeing 737 MAX airplanes. The agreement was announced as Memorandum of Understanding (MoU) at the 2017 Paris Air Show and is valued at $11 Billion at list prices.

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The order of the aircraft leasing company includes 55 Boeing 737 MAX 8s and 20 MAX 10s, with options for another 20 MAX 8s. Avolon CEO Dómhnal Slattery said: “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.” He added: “This is the largest single order that we have placed with Boeing to date and 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."

Boeing Commercial Airplanes President and CEO Kevin McAllister said: “We are honoured 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.”

Avolon is an international aircraft leasing company, headquartered in Dublin, Ireland. As of September 2017, the fleet consists of 565 active aircraft. Avolon has 151 airline customers in 65 countries and is owned by the HNA Group and Bohai Capital Holding Co Ltd. Including the new deal, Avolon has nealy 350 aircraft on order, with A320 Neos, Airbus A330s, A350s and Boeing 787s included.

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