Boeing, GE Capital Aviation order 737 MAXs valued at USD8.25bn

Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), have announced an order for 75 737 MAX 8 airplanes, the company said.

The order, booked in December, is valued at USD8.25 billion at current list prices. The follow-on order increases the GECAS firm order book for the 737 MAX to 170 airplanes.

To date, the 737 MAX has accumulated 3,419 orders, making it the fastest-selling airplane in Boeing history.

GECAS is in aviation leasing and financing. Its portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters, and helicopters. The company offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management, and airport/airline consulting.

GECAS owns or services a fleet of over 1,950 aircraft in operation or on order, plus provides loans collateralized on approximately 400 additional aircraft. GECAS servescustomers in over 75 countries from a network of 25 offices.