Boeing [NYSE: BA] and Tokyo-based Japan Investment Adviser Co., Ltd., (JIA) [TSE: 7172] today finalized an order for Boeing 737 MAX 8 airplanes, valued at USD 1.12 billion at current list prices, the company said.
The order was previously announced as a commitment at the 2017 Paris Air Show in June.
The new 737 MAX 8s are the first directly purchased airplanes for JIA and will help bolster the lessor´s growing fleet of next-generation aircraft.
JIA is an innovative Financial Solutions Provider and is listed on the Tokyo Stock Exchange. Its activities include operating a lease business that manages a fleet of around 60 aircraft worldwide through its operating lease arm, JP Lease Products & Services (JLPS). The current managed fleet includes Next Generation Boeing 737s as well as Boeing 777s.
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.
Japan Investment Adviser Co., Ltd. (JIA) is an emerging financial services provider with a diverse business scope that ranges from operating leases to renewable energy and investment banking services, such as IPO and M&A advisory. JIA´s mainstay is the origination and management of investment funds focused on operating leases and renewable energy through its wholly owned subsidiary, JP Lease Products & Services Co., Ltd. JIA is listed on the Mothers section of the Tokyo Stock Exchange.