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Macquarie AirFinance Places First Direct Order with Boeing for 20 737-8 Aircraft

Our Bureau - : Jul 24, 2024 - : 12:15 am

Boeing and Macquarie AirFinance have announced Macquarie’s first direct order for Boeing aircraft, with the purchase of 20 737-8s. This order doubles Macquarie AirFinance’s existing 737-8 order book, which it acquired from ALAFCO Aviation Lease and Finance Co. in 2023.

Expanding its 737 MAX portfolio will enable Macquarie AirFinance to enhance its fleet of fuel-efficient, new-generation aircraft to meet the increasing demand from airline customers.

“The continued expansion and renewal of our fleet underscores our confidence in the strong future growth prospects of global commercial air transport. This order increases our existing OEM order book to 86 firm aircraft and will enable our airline partners to access the most modern, fuel-efficient aircraft,” said Eamonn Bane, CEO of Macquarie AirFinance.

The Boeing 737-8, capable of carrying up to 210 passengers depending on configuration, has a range of up to 3,500 nautical miles (6,480 km). The 737 MAX family supports airline fleet modernisation plans by reducing fuel use and carbon emissions by 20% compared to the aircraft they replace.

“As single-aisle fleet renewals gain momentum, Macquarie AirFinance’s choice of the 737-8 will allow its customers to phase out older airplanes and operate the industry’s most fuel-efficient jets,” said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. “Lessors such as Macquarie AirFinance are key partners to Boeing and our airline customers, supporting airplane deliveries and offering financial solutions to carriers that want to renew or grow their fleets with the 737 MAX.”

Boeing’s 2024 Market Outlook indicates that nearly half of airplane deliveries through 2043 will replace older jets, improving fuel efficiency and sustainability.

Macquarie AirFinance, a provider of aircraft leasing and financing solutions, has a portfolio of 236 aircraft leased to 85 airlines across 49 countries and a firm order book of 86 new technology Boeing and Airbus aircraft. With offices in Dublin, London, San Francisco, and Singapore, Macquarie AirFinance is owned by Macquarie Asset Management, PGGM Infrastructure Fund, and Australian Retirement Trust.

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