Avolon finalizes order for 25 Boeing 737 aircraft

SEATTLE, Sept. 24 2012. Boeing (NYSE: BA) and Avolon, a Dublin-based aircraft leasing and management company, have finalized a firm order for 10 737 MAX 8s, 5 737 MAX 9s and 10 next-generation 737-800s. The order, which was first announced as a commitment at the Farnborough Airshow in July, has a current list-price value of $2.4 billion.

Boeing inks deals to sell 30 aircraft at Farnborough Wednesday, bringing its show total to 267
Boeing inks deals to sell 30 aircraft at Farnborough Wednesday, bringing its show total to 267

SEATTLE, Sept. 24 2012. Boeing (NYSE: BA) and Avolon, a Dublin-based aircraft leasing and management company, have finalized a firm order for 10 737 MAX 8s, 5 737 MAX 9s and 10 next-generation 737-800s. The order, which was first announced as a commitment at the Farnborough Airshow in July, has a current list-price value of $2.4 billion.

The original announcement at the Farnborough Airshow also included reconfirmation rights for five more 737 MAX airplanes.

The twin-engine 737 MAX, a new-engine variant of the popular 737 narrow-body passenger jetliner uses the CFM International LEAP-1B engine. Airlines operating the 737 MAX will see a 13 percent fuel burn improvement over today's most fuel efficient single-aisle airplanes, Boeing officials say.

Boeing designed the 737 MAX as a direct competitor in the single-aisle jetliner market with the Airbus A320neo. Both aircraft are touted as fuel-efficient, low-emission aircraft that take advantage of new engines and new aerodynamic features.

With this order, Boeing now has 664 orders for the 737 MAX from seven different customers.

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