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Boeing, Aviation Capital Group announce order for 20 737 MAX 8s

Order raises lessor’s direct purchase of 737 MAX airplanes to 100. Portfolio includes MAX 8, MAX 9 and MAX 10 variants.

FARNBOROUGH, UK – Boeing and Aviation Capital Group (ACG) announced an order for 20 737 MAX 8 airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.34 billion at list prices, raises ACG's 737 MAX direct-buy order quantity to 100.

"The 737 MAX is core to our strategic growth plans, as the airplane continues to command strong interest in the marketplace," said Khanh T. Tran, CEO of ACG. "This order expands our diverse portfolio, which includes three 737 MAX variants, providing us with more flexibility and some of the most advanced single-aisle jets to serve our customers."

The new orders will appear on Boeing's Orders & Deliveries website once all contingencies have been met.

ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

"We are pleased to extend our partnership with ACG as they continue to expand their 737 MAX portfolio," said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. "This order reflects continued market demand for the best single-aisle airplane in its class. The 737 MAX will deliver exceptional performance and market-leading economics to ACG's world-class customers for many years to come."  

According to the Boeing 2018 Commercial Market Outlook released this week, airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years. That represents a 6-percent increase over last year's forecast. Analysts say the demand is fueled by the success of low-cost carriers and a big requirement for single-aisle jets for growth and replacement.

The 737 MAX family is designed to offer customers exceptional performance, with lower per-seat costs and an extended range to open up new destinations in the single-aisle market. The 737 MAX incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

Boeing, Primera Air Announce Global Fleet Care Agreement for 737 MAX and Next-Generation 737 Fleets
Boeing and Primera Air announced a Boeing Global Fleet Care agreement for Primera Air's 737 MAX and Next-Generation 737 fleets during a signing ceremony at the Farnborough International Airshow. Under the contract, Boeing will provide engineering services, material services and line and heavy maintenance execution services.

"Boeing Global Fleet Care will be an integral part of our success story by providing Primera Air's fleet maintenance operations as we expand our network of flights," said Andri M. Ingolfsson, President & CEO, Primera Travel Group. "We're proud to expand our growing relationship with Boeing."

Primera Air, headquartered in Riga, Latvia, has a fleet of nine Next-Generation 737s. In January 2017, Boeing and Primera Air announced an order for up to 20 737 MAX 9s. The 737 MAX 9 will form the backbone of the airline's future as it seeks to launch flights between Europe and North America.

"With this agreement, Primera Air will fly the best-in-class airplanes and have the best maintenance support in the industry. This is a prime example of Boeing's unmatched ability to offer tailored and integrated solutions for our commercial customers," said Ihssane Mounir. "We are excited to expand our partnership with Primera Air and we look forward to working alongside them to help them continue providing excellent air travel services."

Global Fleet Care is a high-value, low-risk and efficient fleet maintenance operations solution that gives customers a competitive advantage in the marketplace. The Global Fleet Care suite includes Fleet Engineering Solutions, Fleet Material Solutions, and Fleet Integrated Solutions – all of which can be tailored to specific customer requirements.

Through Global Fleet Care, Boeing offers maintenance and reliability programs for the Next Generation 737, 737 MAX, 747-8, 777 and 787 Dreamliner. In addition, select Global Fleet Care services are now available to a wider range of Boeing models. More than 60 airlines and 2,500+ airplanes are now covered by Global Fleet Care.

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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