Boeing, Aviation Capital Group Finalize Order For 13 737 MAX Jets

Rhea-AI Summary

ACG diversifies order book with new 737-8 and 737-10 jets, increasing order book to 47 737 MAXs

Positive

• ACG expands commitment to the 737 MAX program, offering fuel-efficient aircraft to airline customers worldwide

Negative

• None.

- Lessor grows and diversifies order book with new 737-8 and 737-10 jets

- Boeing 737-10 order momentum continues; more than 800 unfilled orders for 737 MAX family’s largest jet

SEATTLE--(BUSINESS WIRE)-- Boeing [NYSE: BA] and Aviation Capital Group LLC (ACG) announced today the airplane lessor has finalized an order for 13 737 MAX jets, increasing the lessor’s order book to 47 737 MAXs.

Boeing and Aviation Capital Group LLC (ACG) announced today that the airplane lessor has finalized an order for seven 737-8 and six 737-10 jets as ACG grows its single-aisle options to meet robust customer demand for the fuel-efficient 737 MAX airplane family. (Photo: Business Wire)

The new, incremental order includes seven 737-8 and six 737-10 jets as ACG grows its single-aisle options to meet robust customer demand for the fuel-efficient 737 MAX airplane family.

“We are pleased to expand ACG’s commitment to the 737 MAX program. This additional order will allow ACG to offer highly fuel efficient and versatile aircraft to our airline customers worldwide,” said Steven Udvar-Hazy, Senior Vice President and Chief of Aircraft Operations at ACG.

The 737 MAX family offers carriers enhanced efficiency and route flexibility for short- and medium-haul air travel, making the 737 MAX family a valuable asset for airplane lessors such as ACG. Lessors have ordered more than 1,300 737 MAX jets.

The 737-8 can carry up to 210 passengers based on configuration with a range of 3,500 nautical miles, while the 737-10, the largest 737 MAX model, seats up to 230 passengers with a range of 3,100 nautical miles. Both variants reduce fuel use and carbon emissions by 20% compared to the airplanes they replace.

“ACG’s growing and diverse 737 MAX portfolio allows its customers to operate a more sustainable, efficient fleet,” said Christy Reese, vice president of Global Leasing Commercial Sales & Marketing, Boeing Commercial Airplanes. “We look forward to helping ACG deliver the most fuel-efficient airplanes in the industry to its airline partners.”

On average, each 737 MAX saves up to eight million pounds of CO₂ emissions annually compared to the airplanes it replaces. The 737 MAX is a quieter airplane, with a 50% smaller noise footprint than the airplanes it replaces.

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with over 480 owned, managed and committed aircraft as of June 30, 2023, leased to roughly 90 airlines in approximately 45 countries. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit www.aviationcapitalgroup.com.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230905428324/en/

Boeing Media Relations

media@boeing.com

Aviation Capital Group Media Relations

Elizabeth Stevens

MediaRelations@AviationCapital.com

Aviation Capital Group Investor Relations

Matthew Novell

InvestorRelations@AviationCapital.com

Source: Aviation Capital Group