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Boeing and GE
Capital Aviation Services (GECAS), the commercial aircraft leasing and
financing arm of General Electric (NYSE: GE), announced today an order
for 40 737s. The order, valued at $3.9 billion
at list prices, consists of 20 737 MAX 8s and 20 Next-Generation
737-800s. The order, booked in 2013, was previously attributed to an
unidentified customer on Boeing's Orders and Deliveries website.
"We ordered more 737 MAX 8s
and Next-Generation 737-800s because demand continues to grow as our
airline customers require more fuel-efficient aircraft to compete in the
marketplace," said Norman C.T. Liu, president and chief executive officer, GECAS. "This order further strengthens the large GECAS order book."
"GECAS is an industry leader and this follow-on order reinforces the
value of the Next-Generation 737 and 737 MAX in the leasing market,"
said John Wojick,
senior vice president of Global Sales, Boeing Commercial Airplanes.
"The 737 MAX will provide GECAS's airline customers with the
best-in-class operating efficiencies and passenger amenities."
The follow-on order increases the GECAS order book for the 737 MAX to 95
airplanes and the Next-Generation 737 to 387 airplanes, the most for
both models by any company in the leasing industry.
The Boeing 737-800 is one of
the best-selling versions of the highly successful Next-Generation 737
family, the most technologically advanced airplanes in the single-aisle
market. The Next-Generation 737's market success has been confirmed by
investors who consistently rank it as the most preferred single-aisle
airplane due to its wide market base, superior performance efficiency
and lowest operating costs in its class.
The 737 MAX brings the most
advanced engine technologies to the world's best-selling airplane,
building on the strengths of today's Next-Generation 737. The 737 MAX
incorporates the latest-technology CFM International LEAP-1B engines to
deliver the highest efficiency, reliability and passenger comfort in the
single-aisle market. Airlines operating the 737 MAX will see an 8
percent operating cost per seat advantage over tomorrow's competition.
To date, 32 customers have ordered 1,763 MAX airplanes.
With today's announcement,
GECAS has ordered 638 airplanes directly from Boeing, which includes
737s, 747s, 757s, 767s, 777s and 787s. To date, GECAS has taken delivery
of 459 of the airplanes.
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