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Boeing, Goshawk Aviation announce order for 20 737 MAXs

Growing lessor expands beyond sale-leaseback model with first direct Boeing airplane order.

FARNBOROUGH, UK – Boeing and Goshawk Aviation Limited announced an order for 20 737 MAX airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.3 billion according to current list prices, marks the first time the aircraft lessor has purchased jets directly from Boeing.

"Placing direct order is a critical part of Goshawk's overall growth strategy and we are pleased to have finalized our order with Boeing. The 737 MAX family is one of the best-in-class, modern and in-demand narrow-body aircraft with latest technologies which fit well with our focus," said Brian Cheng, Chairman of Goshawk Aviation Limited and Executive Director of NWS Holdings Limited. "We believe the MAX's double-digit fuel efficiency improvement, combined with longer range and market-leading reliability, will strengthen our portfolio and help us continue to deliver world-class, tailored solutions to our customers."

The airplanes, previously listed as unidentified on Boeing's Orders & Deliveries website, are sold to Goshawk Aviation Limited. Goshawk is based in Dublin, Ireland, and is expected to have an owned, managed and committed fleet of over 220 airplanes, including the direct order placed with Boeing.

"We are delighted that Goshawk, with their world-class aircraft leasing team, has selected to expand their portfolio and business model with the 737 MAX. This is a great validation for our Boeing team and the 737 MAX family," said Ihssane Mounir, senior vice president, Commercial Sales & Marketing, The Boeing Company. "With rising demand for narrowbody jets, we are confident that the unmatched economics and capabilities of the 737 MAX will position Goshawk for success and growth."

Goshawk selected the MAX 8 variant. In a standard two-class configuration, the airplane carries 162 to 178 passengers and flies up to 3,550 nautical miles (6,570 kilometers). The airplane provides a 14-percent fuel efficiency gain compared to its predecessor, and 8 percent better than its competition.

The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays.

Boeing, Air Lease Corporation Announce Orders and Commitments for 78 Boeing Jets
Also, Boeing and Air Lease Corporation announced orders and commitments for up to 78 Boeing airplanes, including 75 737 MAX 8s and three 787-9 Dreamliners, at the 2018 Farnborough International Airshow.

The order, valued at $9.6 billion at current list prices, expands ALC's 737 MAX portfolio to 213 jets. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases. The subsequent 55 737 MAX airplanes are commitments until both companies finalize them into firm orders.

In total, ALC has now placed orders and commitments for 361 Boeing airplanes since 2010, including 288 737s, 21 777s and 52 787 Dreamliners.

"Demand for reliable, fuel-efficient airplanes is at an all-time high. The capabilities of these new airplanes continue to meet the high expectations of our growing airline customer base," said Steven Udvar-Hazy, Executive Chairman of Air Lease Corporation.

John Plueger, CEO and President of Air Lease Corporation added, "The economic and operating advantages of the 737 MAX and 787 Dreamliner will provide our airline customers with the competitive advantage they need."

"This new order by one of the world's leading lessors demonstrates the market-leadership of the 737 MAX and 787 Dreamliner," said Kevin McAllister, president & CEO of Boeing Commercial Airplanes. "The combination of operational efficiency and unmatched passenger comfort underlines the advantages of the 737 MAX and 787. We are delighted that ALC is adding more Boeing airplanes to their world-class portfolio."

The 737 MAX family is designed to offer operators exceptional performance, including lower operating costs and more range to open up new destinations. 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.

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He currently studies Communication, Media & Culture in Panteion University of Political & Social Studies of Athens.