Boeing, GECAS announce order for 40 737s

Boeing, GECAS announce order for 40 737s

GE's commercial aircraft leasing and financing unit confirmed as purchaser.

January 22, 2014
Manufacturing Group
Manufacturing Industry News Jet/Turbine Engines
Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, confirmed an 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.
 
"GECAS is an industry leader and this follow-on order reinforces the value of the Next-Generation 737 and 737 MAX in the leasing market," said John Wojick, senior vice president of Global Sales, Boeing Commercial Airplanes. "The 737 MAX will provide GECAS's airline customers with the best-in-class operating efficiencies and passenger amenities."
 
The Boeing 737-800 is one of the best-selling versions of the highly successful Next-Generation 737 family of single-aisle airplanes. 
 
The 737 MAX brings advanced engine technologies to the airplane, building on the strengths of today's Next-Generation 737 with the latest-technology CFM International LEAP-1B engines to deliver high efficiency, reliability and passenger comfort. 
 
To date, 32 customers have ordered 1,763 MAX airplanes. 
 
In total, 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.
 
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,630 owned and serviced aircraft with over 230 airlines. 
 
Source: Boeing