Aviation Capital Group orders 20 737 MAX 8s from Boeing

Boeing [NYSE:BA] and Aviation Capital Group (ACG) have announced Aviation Capital has ordered 20 737 MAX 8 airplanes at the 2018 Farnborough International Airshow, the companies said.

The order, valued at USD 2.34 billion at list prices, raises ACG´s 737 MAX direct-buy order quantity to 100.

ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

Aviation Capital Group is one of the world´s premier full service aircraft asset managers with 465 owned, managed and committed aircraft as of March 31, 2018, which are leased to approximately 95 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.