Jackson Square Aviation Announce Order for 30 737 MAXs
FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE: BA] and Jackson Square Aviation (JSA) announced the leasing company has ordered 30 737 MAX airplanes in its first direct purchase from a jet maker, reflecting the evolution of the airplane lessor’s business and its confidence in the market for 737 MAXs.
The two companies unveiled the $3.5 billion deal – per current list prices – during a signing ceremony at the 2018 Farnborough International Airshow. The order, previously unidentified on Boeing’s Orders & Deliveries website, represents the 100th customer for the 737 MAX program.
Since its founding in 2010, San Francisco-based Jackson Square Aviation has grown steadily by buying new technology airplanes from airlines globally through sale-leaseback financing and pre-delivery payment financing agreements. The stable model has served JSA well as it has built a portfolio of more than 180 jets with long and balanced lease terms placed with 49 customers in 27 countries.
“We are proud to support this important transaction between Jackson Square Aviation and Boeing,” said Naoki Sato, the managing executive officer of Mitsubishi UFJ Lease & Finance Company (MUL) and the chairman of Jackson Square Aviation. “This order reflects our strong confidence in the continued growth of the aviation sector and in the leadership of JSA.”
Jackson Square Aviation chose the 737 MAX 8, which offers 162 to 178 seats in a standard two-class configuration and flies up to 3,550 nautical miles (6,570 kilometers), while improving fuel efficiency 14 percent over its predecessor.
The 737 MAX family incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
About Jackson Square Aviation
Jackson Square Aviation (JSA) is a full-service commercial aircraft lessor based in San Francisco, California. It provides a variety of fleet and financial solutions to airlines such as sale and leaseback financing, PDP financing, and leasing solutions from its existing fleet. JSA’s experienced, international and professional staff is committed to meeting airlines’ evolving needs worldwide. Leveraging its extended relationships in the aviation and financial sectors, JSA offers fleet and capital flexibility vital to airlines’ fleet replacement and expansion. JSA is a member of the Mitsubishi UFJ Lease & Finance Company Limited (MUL) group of companies. MUL is a prominent global leasing company based in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges.
Source Boeing / Edited By Airline Adviser 07/27/18