Aviation Capital Group Announce Order for 20 737 MAX 8s

FARNBOROUGH, United Kingdom, July 17, 2018 /PRNewswire/ — Boeing [NYSE:BA] and Aviation Capital Group (ACG) today announced an order for 20 737 MAX 8 airplanes the order, valued at $2.34 billion at list prices, raises ACG’s 737 MAX direct-buy order quantity to 100.

“The 737 MAX is core to our strategic growth plans, as the airplane continues to command strong interest in the marketplace,” said Khanh T. Tran, CEO of ACG. “This order expands our diverse portfolio, which includes three 737 MAX variants, providing us with more flexibility and some of the most advanced single-aisle jets to serve our customers.”

ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

According to the Boeing 2018 Commercial Market Outlook released this week, airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years. That represents a 6-percent increase over last year’s forecast. Analysts say the demand is fueled by the success of low-cost carriers and a big requirement for single-aisle jets for growth and replacement.

Source Boring / Edited By Airline Adviser 08/12/18