CHICAGO (dpa-AFX) - Boeing (BA) announced a commitment by Avolon to buy 10 737 MAX 8s and 5 737 MAX 9s, as well as 10 Next-Generation 737-800s. The commitment has a list-price value of $2.3 billion, also including reconfirmation rights for 5 more 737 MAX airplanes. Boeing looks forward to working with the Dublin-based lessor to finalize the details of the deal.
Ray Conner, president and chief executive of Boeing Commercial Airplanes, stated, 'Avolon has a significant and strategic role to play in the aviation finance industry and we welcome them as one of the launch lessors of the 737 MAX. With rising fuel costs, the 737-800 and 737 MAX enable Avolon to offer their customers unsurpassed fuel efficiency today and well into the future.'
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 would witness a 13 percent fuel burn improvement over today's most fuel efficient single-aisle airplanes and an 8 percent operating cost per seat advantage over tomorrow's competition.
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