GECAS Order 20 737 MAXs and 20 Next-Generation 737s

SEATTLE/PRNewswire/ — Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced 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.”

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 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.

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.   

Source Boeing / Edited By Airline Adviser 01/21/14