Avolon to buy 75 Boeing 737 MAX Aircraft for USD 8.4bn

Avolon, the international aircraft leasing company, has signed a memorandum of understanding for 75 Boeing 737 MAX 8 aircraft, the company said.

The MOU also includes an option for a further 50 Boeing 737 MAX 8 aircraft.

This order builds on Avolon´s existing orders and commitments for new technology, fuel-efficient single-aisle aircraft. Avolon´s owned, managed and committed fleet will increase to 925 aircraft.

The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is a wholly-owned, indirect subsidiary of Bohai Capital Holding Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415).

Boeing is the world´s largest aerospace company and manufacturer of commercial jetliners and defense, space and security systems. Boeing has a long tradition of aerospace leadership and innovation and continues to expand its product line and services to meet emerging customer needs. With corporate offices in Chicago, Boeing supports airlines and US and allied government customers in 150 countries and employs approximately 150,000 people across the United States and in more than 65 countries around the world.