Standard Chartered Order 10 Next-Generation 737-800s

Courtesy Boeing

FARNBOROUGH, United Kingdom, July 11, 2016 /PRNewswire/ — Boeing (NYSE: BA) and Standard Chartered Bank today announced an order for 10 Next-Generation 737-800s. The order, valued at $960 million at current list prices, was attributed to an unidentified customer on the Boeing Orders & Deliveries website.

Speaking at the 2016 Farnborough International Airshow, Kieran Corr, Head of Aviation Finance at Standard Chartered, said: “We are excited about adding these new Boeing aircraft to our fleet. Our current portfolio consists of over 110 aircraft on operating lease to airline clients globally. We are committed to continuing to grow and diversify our client base over the next couple of years.

With an average age of less than five years, Standard Chartered’s fleet comprises some of the most modern and fuel efficient aircraft in the market. “Our key markets are Asia, Africa and the Middle East, with a focus on emerging markets,” added Corr. “We want to help the aviation sector grow in those markets to drive regional trade and investment and we can only do that with an expanded diversified fleet.”

Standard Chartered is a leading international banking group, with around 84,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East.

Aviation Finance business is a leading provider of cost-efficient, lease-based and asset-based financing solutions with specialist teams in Dublin, London, Hong Kong and Singapore. Solutions include: Sale and Leasebacks; Aircraft finance leases; Islamic finance leases; Capital market solutions; Fuel and interest rate hedging products; and export credit advisory.

Source Boeing / Edited By Airline Adviser 07/11/16