Dublin-based aircraft leasing giant Avolon has announced a commitment to order 40 Boeing 737 MAX aircraft. The aircraft, valued at over US$4bn at the current list price, are scheduled for delivery between 2027 and 2030 and will bring Avolon’s fleet to a total of 870 aircraft.
Avolon delivered the one thousandth 737 MAX earlier this year, having delivered the first in 2017. The 737 MAX provides greater flexibility while reducing fuel use and emissions by up to 20% due to its latest CFM International LEAP-1B engines and advanced technology winglets.
“This commitment with Boeing underlines our confidence in the positive momentum in the aviation market, and increased our portfolio of young, modern, fuel-efficient aircraft,” said Andy Cronin, CEO, Avolon. “With strong demand for our new technology order book and delivery slots at a premium, it strengthens and extends our delivery profile with Boeing.
“This commitment will also support our airline customers who are looking to plan beyond the robust post-Covid traffic recovery and prepare for future growth, while also reducing their carbon emissions,” added Cronin.
Mark Howells
Publisher
Image: Avolon
