The global aircraft lessor, Avolon inked an order for 40 737 MAX airplanes with Boeing at the Paris Air Show.This order was previously unidentified on the Boeing Orders & Deliveries website.
“Today’s announcement reaffirms our long-standing partnership with Boeing and our support for their 737 MAX programme. We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030,” said Andy Cronin, CEO, Avolon.
“The transitioning of the global fleet to more fuel-efficient new-technology aircraft is a priority for our industry, and we are looking to play a leading role by supporting airlines achieving their sustainability objectives.”
The 737 MAX will provide Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by 20 percent compared to the airplanes they replace. On average each airplane will save up to 8 million pounds of CO2 annually compared to airplanes it replaces.
“This order demonstrates the popularity of the 737-8 among the leasing community and the demand they are seeing from their customers for this airplane model,” said Stan Deal, president and CEO, Boeing Commercial Airplanes.
Avolon has a long-standing relationship with the 737 MAX programme and took delivery of the 1,000th 737 MAX last year.
Boeing’s 737-8 models, seating 162 to 210 passengers depending on configuration and with a range of 3,500 nautical miles, are the market’s most versatile single-aisle airplane, capable of operating profitably on short and medium-haul routes.
Boeing customers have placed more than 1,000 orders and commitments for the company’s new commercial airplanes since July 2022. This includes over 750 737 MAX airplanes, reflecting the value of the family’s versatility and commonality.
Avolon is a global leader in aircraft leasing with an owned, managed and committed fleet, as of 31 March 2023 of 830 aircraft.
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