Randy Tinseth, the vice president of marketing for the Boeing Commercial Airplanes in Seattle responded to claims airline customers are still waiting for a true Boeing 757 replacement. Randy also countered Airbus’ claims the proposed A321neo is a 757 replacement.
Randy wrote the following on his Randy’s Journal:
There’s been a lot of talk lately about a replacement for the 757. The fact is, today’s 737 and other airplanes its size already fly 90 percent of flights that used to be operated with a 757. And in the future, that number will jump to 95 percent thanks to airplanes like the 737 MAX.
For example, take Norwegian. They recently announced plans to use the 737 MAX 8 on transatlantic routes beginning in 2017. Other large 757 operators have publicly noted their continued discussions with Boeing around airplanes for trans-Atlantic missions.
Meanwhile, Airbus claims its proposed long ranger version of the A321neo is a true 757 replacement. In reality, it falls short in two big ways. It can’t match the 757’s range, and it can’t carry as many passengers.
The 737 MAX 9 and the A321neoLR are both capable of North Atlantic range by adding auxiliary tanks, with the 737 MAX 9 flying the mission more efficiently. The A321neoLR needs three auxiliary tanks and increased takeoff weight— while the 737 MAX 9 could do the mission with just one auxiliary tank, allowing for more cargo space.
The 737 MAX is a great airplane that’s sized right for the heart of the single-aisle market— along with the right range capabilities. It’s a key part of our overall product development strategy, that along with the 777X and 787-10, is set for the next decade.
As for that space in between the upper end of the 737 and the 787-8, we continue to talk with our customers to better understand their needs in the future.
Image: Boeing. The Boeing 737 MAX 8 and MAX 9.
Air Lease Corporation (Los Angeles) has issued this statement:
Air Lease Corporation has announced long term lease agreements with Sunwing Airlines (Toronto) covering two new Boeing 737-800 aircraft and four new Boeing 737 MAX 8 aircraft. These aircraft, all from ALC’s order book, are scheduled to deliver over a four year period commencing in 2016.
President of Sunwing Airlines, Mark Williams, commented, “The acquisition of our new Boeing 737-800 and 737 MAX 8 aircraft is an integral part of our overall expansion plan across an increasing number of both Canadian and U.S. gateways. This year we will be operating flights out of 45 Canadian and U.S. local airports to over 40 different destinations across North and South America, and the Caribbean. As we continue to grow, having aircraft that will enable us to offer a reliable, cost-effective and environmentally-conscious service is paramount. So we are delighted to be able to include the new 737 MAX 8 in our fleet for the first time.”
Sunwing Airlines aircraft slide show:
Boeing (Chicago and Seattle) and SMBC Aviation Capital (Dublin) have announced an order for 80 737 MAX 8s, valued at more than $8.5 billion at list prices. This is the largest single order for 737 MAXs from a leasing company and will help SMBC Aviation Capital grow its portfolio of high-demand, fuel-efficient airplanes.
With this agreement SMBC Aviation Capital becomes the 50th 737 MAX customer and grows the program’s order book to more than 2,400 airplanes.
“It is 10 years since our business placed its first order with Boeing and we have enjoyed a decade of successful partnership since then,” said Peter Barrett, CEO, SMBC Aviation Capital. “The 737 MAX 8 is one of the most fuel efficient and versatile aircraft available and today’s announcement shows our ongoing commitment to the new generation of the popular 737 family, as well as our appetite to keep broadening and deepening our platform in order to service our customers’ requirements. Following this order and given the clear commitment of our shareholders and the strength of the global aircraft leasing sector, we remain very confident in our ability to continue to deliver long-term growth.”
SMBC Aviation Capital is the world’s third largest aircraft lessor, with a modern fleet of over 370 owned and managed aircraft valued at more than $10.5 billion. The business’s strategy is to own and lease liquid, investor-friendly aircraft assets with continuous trading through the industry cycle to maximise profitability and manage risk. The business has sold more than 240 commercial aircraft valued at over $7.5 billion.
SMBC Aviation Capital has 95 airline customers and over 40 investors in more than 40 countries around the world. It is headquartered in Dublin and has offices in, Tokyo, Shanghai, Beijing, Hong Kong, Singapore, New York, Amsterdam, Toulouse and Seattle.
SMBC Aviation Capital has 180 Boeing airplanes in its portfolio and has 95 airline customers in more than 40 countries.
Monarch Airlines (London-Luton) and Boeing (Chicago and Seattle) today finalized an order for 30 737 MAX 8s worth more than $3.2 billion at current list prices. The order, originally announced at the Farnborough International Airshow in July when Monarch selected Boeing as its preferred bidder for fleet replacement, includes options for 15 additional 737 MAX 8s and marks the beginning of the British carrier’s transition to an all-Boeing single-aisle fleet.
The 737 MAX has accumulated 2,325 orders to date from 48 customers and is the fastest selling airplane in Boeing history.
Headquartered at London Luton Airport, but also operating from five other U.K. bases – London Gatwick, Manchester, Birmingham, East Midlands and Leeds-Bradford – Monarch predominantly serves holiday destinations around the Mediterranean and the Canary Islands as well as European ski resorts. Founded in 1968, the British carrier will move to a cost effective and uniform fleet of 737 MAX 8s within the next decade.
As previously reported, on October 24, Monarch Airlines and other parts of Monarch Holdings Limited, the UK’s leading independent leisure travel group, completed a restructuring program and sale of 90 percent of the group to Greybull Capital LLP under which it secured £125 million of permanent capital and liquidity facilities.
Kunming Airlines (Changshui) has committed to purchase 10 Boeing 737s, including four Next-Generation 737-700s and six 737 MAX airplanes.
The commitment, valued at $897 million at current list prices, is subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.
Kunming Airlines, based at Changshui International Airport in the capital city of Yunnan province, began operations in 2009. The carrier currently serves more than 25 cities across China by operating a fleet of 10 Boeing 737-700s and five 737-800s.
Copyright Photo: Ivan K. Nishimura/AirlinersGallery.com. The larger Boeing 737-87L B-1926 (msn 41111) taxies at Honolulu.
Garuda Indonesia (Jakarta) and Boeing (Chicago and Seattle) announced an order for 50 737 MAX 8s, valued at $4.9 billion at current list prices. The flag carrier of Indonesia will purchase 46 737 MAX 8s and will convert existing orders for four Next-Generation 737-800s to 737 MAX 8s. The order was previously accounted for on Boeing’s Orders and Deliveries Web site, attributed to an unidentified customer.
Garuda Indonesia currently operates 77 Boeing 737s. The new order gives the airline the flexibility to grow and to update its fleet as the market demands.
According to Boeing, “The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel-efficient than today’s most efficient Next-Generation 737s – and 20 percent better than the original Next-Generation 737s when they first entered service. The 737 MAX 8 will have an 8 percent per seat operating cost advantage over the A320neo.”
The total number of 737 MAX orders to date is 2,295 airplanes from 47 customers worldwide.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Garuda Indonesia has been a long time Boeing 737 operator. Garuda Indonesia’s Boeing 737-8U3 WL PK-GMA (msn 30151) prepares to taxi from the gate at Denpasar, Bali, Indonesia.
Garuda Indonesia Aircraft Slide Show:
Ethiopian Airlines (Addis Ababa) and Boeing (Chicago and Seattle) have announced an order for 20 737 MAX 8s. The order, previously unidentified on the Boeing Orders and Deliveries website, is worth more than $2.1 billion at list prices and also includes options and purchase rights for a further 15 737 MAX 8s. The order represents the largest single Boeing order by number of airplanes from an African carrier.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel-efficient than today’s most efficient Next-Generation 737s – and 20 percent better than the original Next-Generation 737s when they first entered service. The 737 MAX has a total of 2,294 orders from 47 customers worldwide.
Ethiopian currently serves more than 83 destinations across five continents from its base at Bole International Airport in the Ethiopian capital, Addis Ababa. The Ethiopian flag carrier’s partnership with Boeing has existed for more than half a century, with a current fleet of more than 50 Boeing airplanes that includes Next-Generation 737s, 757s, 767s, 777s, 787 Dreamliners and a cargo fleet of 757s, 777 Freighters and MD-11s.
Boeing (Chicago and Seattle) and Hainan Airlines (Haikou and Beijing) today announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline’s preference for an all-Boeing single-aisle fleet.
The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.
The 737 MAX has surpassed 2,100 orders from 42 customers worldwide and is the fastest selling airplane in Boeing history. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
Okay Airways (OKAir) orders six Boeing 737 MAX 8s and four 737-800s, will also operate the 737-900ER
Boeing (Chicago and Seattle) and Okay Airways (stylized as OKAir) (Tianjin) announced an order today for six 737 MAX 8s and four Next-Generation 737-800s, valued at $980 million at current list prices.
Okay Airways, the first privately owned airline in China, also announced it will convert five 737-800s from a previous order into 737-900 ERs (Extended Range). With today’s conversion announcement, Okay Airways will be the first airline in China to operate the 737-900 ER and has eight of the airplanes on order.
Okay Airways is headquartered in Beijing with its main hub at Tianjin Binhai International Airport. Its jetliner fleet includes 12 Boeing 737-800s and one Boeing 737-300 Freighter, which serves 40 domestic destinations.
Monarch Airlines will continue to be a Boeing customer, preparing to finalize an order for 30 737 MAX 8s
Boeing (Chicago and Seattle) and Monarch Airlines (London-Luton) today announced that the two companies are finalizing terms and working towards a Purchase Agreement for 30 737 MAX 8s, marking the start of a fleet transition for Monarch to Boeing single-aisle airplanes.
The order, valued at $3.1 billion at current list prices, will be posted to the Boeing Orders & Deliveries website when finalized.
According to Boeing, “The 737 MAX has surpassed 2,000 orders from 42 customers worldwide, the most successful launch in Boeing history. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 737 MAX 8 provides customers with more flexibility and cost efficiency than the competition in the heart of the single-aisle market. Airlines operating the 737 MAX 8 will see an 8 percent operating cost per seat advantage over the A320neo. In addition to lower fuel use, the 737 MAX reduces the operational noise footprint by 40 percent compared to today’s airplane.”
Headquartered at London Luton Airport, but also operating from five other U.K. bases, Monarch predominantly serves holiday destinations around the Mediterranean and the Canary Islands as well as European ski resorts. Founded in 1968, the British carrier’s passenger numbers reached nearly 7 million in 2013, a record for the airline, with a fleet made up of more than 40 airplanes.
Monarch had been adding Airbus A320 Family aircraft so this is an important switchover catch for Boeing.
In the meantime, Monarch releases this statement:
The Monarch Group, the UK’s leading independent travel group, today announces that it has chosen Boeing as its preferred bidder for its narrow-bodied fleet replacement. The Group is in the process of finalizing terms and working towards signing a Purchase Agreement with Boeing for the purchase of 30 Next Generation Boeing 737 MAX 8 aircraft, with options on a further 15 aircraft.
The announcement with Boeing represents the latest major milestone in the transformation and renewal of The Monarch Group, and is integral to realizing the opportunity for Monarch Airlines to differentiate itself in its market whilst bringing back warmth and a personal touch to European air travel.
Iain Rawlinson, Executive Chairman of the Monarch Group, said: “Today’s announcement is an important milestone in an exhaustive three year evaluation process, and a key part of The Monarch Group’s transformation and renewal. Boeing truly understood our business and put together a complete package that fits extremely well with our ambitions for the Group. With this announcement, we begin another chapter in our long and fruitful relationship with Boeing – something which now stretches over 40 years.”
Andrew Swaffield, Managing Director of Monarch Airlines, said: “I joined Monarch Airlines because I saw that it has a unique brand, and exceptional people. We see an opportunity to bring back warmth and a personal touch to a very commoditised European aviation market. Our size enables us to deliver on this promise. With this fleet replacement we are choosing the correct number of aircraft and the correct size of aircraft to help us create a year round efficient European operation which maximizes profitability. Our process has been rigorous and fair and I am delighted to have been given the opportunity to lead it to a successful conclusion.
“Having reviewed all of the options in the marketplace, we concluded that the Boeing 737 MAX 8 is the aircraft that best fits our future route network strategy, enabling us to tightly control our unit costs whilst offering a superior service to our customers.”
Turkish Airlines (Istanbul) and Boeing (Chicago and Seattle) today (June 16) finalized an order for 15 additional 737 MAX 8s, valued at $1.6 billion at list prices. The order follows the announcement in May 2013 when the Turkish flag carrier placed the largest Boeing order in the airline’s history for 50 737 MAXs and 20 Next-Generation 737s.
With today’s announcement, Turkish Airlines has more than 100 unfilled orders for Boeing airplanes; 65 737 MAXs, more than 25 Next-Generation 737s and 20 777-300ER (Extended Range) airplanes. The Istanbul-based carrier currently operates a fleet of more than 100 Next-Generation 737s and 15 777-300ERs.
The 737 MAX has surpassed 2,000 orders from 41 customers, bringing the most advanced engine technologies to the world’s best-selling airplane, building on the strengths of today’s Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see an 8 percent operating cost per seat advantage over tomorrow’s competition.
Turkish Airlines currently serves 254 cities in 106 countries around the world from its base at Istanbul’s Ataturk Airport.
Copyright Photo: Greenwing/AirlinersGallery.com. Boeing 737-8F2 TC-JFU (msn 29781) prepares to depart from Dublin.
Boeing (Chicago and Seattle) has announced the launch of the Boeing Business Jet (BBJ) MAX family of airplanes after receiving the first order from an undisclosed customer. The order is for a BBJ MAX 8, which is based on the 737 MAX 8 and the newest business jet to join the BBJ family.
BBJ is the market leader in the large cabin, ultra-long-range business jet market and the new BBJ MAX will extend that advantage.
With new CFM International LEAP-1B engines and other aerodynamic improvements including Advanced Technology winglets, the 737 MAX will provide a 14 percent fuel-use improvement compared to today’s most efficient single-aisle airplanes. The fuel-use improvement is even greater at longer ranges typically flown by BBJ customers.
The BBJ MAX 8 will have a range of 6,325 nautical miles (11,713 km), an increase of more than 800 nautical miles (1,482 km) over the BBJ2. It will share the same cabin size with today’s BBJ2, offering customers a 19-foot (5.8 meter) longer cabin and three times the cargo space of today’s BBJ, while improving on its market-leading range capability and maintaining the BBJ advantages of lower cabin altitude, unmatched reliability and outstanding product support around the globe. The BBJ continues to be the leading choice for businesses, corporations and private owners.
The new BBJ family also will include the BBJ MAX 9, based on the 737 MAX 9, and is expected to offer a 6,255 nautical mile (11,584 km) range with an even larger cabin than the BBJ MAX 8. Plans for a BBJ MAX 7 are still being studied.
Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to commercial airline customers beginning in 2017. The 737 MAX has accumulated more than 1,900 orders to date from 37 customers worldwide
The first BBJ MAX will be delivered in 2018 without an interior, and a completion center of the customer’s choosing will install the jet’s VIP interior.
Boeing (Chicago and Seattle) and Air Canada (Montreal) have finalized an order for 61 737 MAX airplanes to lead the airline’s single-aisle fleet renewal plan. The order, valued at $6.5 billion at list prices, consists of 33 737 MAX 8s and 28 737 MAX 9s, as well as 18 options and 30 rights to purchase additional 737 MAXs.
The 737 MAX improves fuel efficiency and reduces carbon emissions by 14 percent, while reducing the operational noise footprint by 40 percent, compared to today’s aircraft.
The 737 MAX incorporates the latest technology LEAP-1B engines from CFM International with other advancements including Advanced Technology winglets, large flight deck displays and the Boeing Sky Interior to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 737 MAX has accumulated more than 1,900 orders to date from 37 customers worldwide.
Development of the 737 MAX is on schedule with firm configuration of the airplane completed in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in third quarter of 2017.
SpiceJet (Delhi) and Boeing (Chicago and Seattle) have announced at the India Aviation 2014 show an order for 42 737 MAX 8s. The order, previously listed as unidentified on the Boeing Orders & Deliveries website, is valued at $4.4 billion at list prices.
Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. Already a market success, the 737 MAX has accumulated more than 1,800 orders to date and will have 8 percent lower per-seat operating costs than the future competition.
With this announcement, SpiceJet has ordered 90 airplanes directly from Boeing, which includes the 737-800, 737-900 ER and now the 737 MAX. To date, SpiceJet has taken delivery of 31 of the airplanes.
Copyright Photo: Malcolm Nason/AirlinersGallery.com. Boeing 737-8GJ VT-SZD (msn 39430) departs from Shannon.
SunExpress Airlines (Antalya) and Boeing (Chicago and Seattle) have finalized an order for 15 737 MAX 8s and 25 Next-Generation 737-800 airplanes. The order, valued at more than $3.8 billion at list prices, also includes options for 10 additional 737 MAX 8s.
The order is the largest in the Turkish carrier’s near 25 year history, and brings the total number of orders to date for the 737 MAX to nearly 1,800.
“Twenty-four years ago we started to fly tourists to Turkey with brand-new 737-300s and ten years later the company began to operate the Next-Generation 737-800s. Next year at the age of 25, SunExpress will start the process of renewing its entire fleet and in the future add the latest achievement of Boeing, the 737 MAX,” said Paul Schwaiger, managing director of SunExpress. “We value our long and successful relationship with Boeing and we are grateful for the company’s endless support over so many years.”
The 737 MAX builds on the success of the Next-Generation 737 – retaining efficiency, economics, reliability and passenger appeal that make this family of airplanes the market leader. The 737 MAX incorporates the latest technology CFM International LEAP-1B engines with aerodynamic improvements such as new Advanced Technology winglets to deliver a 14 percent fuel-efficiency improvement over today’s most fuel efficient single-aisle airplanes. At longer ranges, the improvement will be even greater, perfectly complementing SunExpress’ future growth.
“With our order of up to 50 new 737 aircraft – including the ten options – we have realized an important milestone for the future of SunExpress,” said Haci Say, deputy managing director of SunExpress. “Our company has always been a vital part of the travel trade betweenTurkey and the source markets of Turkish tourism. With this enormous investment SunExpress underlines its strong position among Europe’s leading holiday airlines. We are happy to grow even stronger with the help of new Boeing aircraft which perfectly suit our business model.”
Based on the Turkish Rivera, SunExpress was founded in October 1989 as a subsidiary of Turkish Airlines and Lufthansa. Today, SunExpress carries more than seven million passengers per year and is one of the leading airlines in terms of passenger numbers between Germany and Turkey. The carrier operates an all-Boeing fleet of more than 60 Next-Generation 737-700s and 737-800s and serves more than 90 destinations across Europe, the Middle East and North Africa.
Copyright Photo: Rolf Wallner/AirlinersGallery.com. Boeing 737-8FH TC-SNH (msn 30826) is pictured taxiing at Zurich.
Nok Airlines Public Company Limited (Nok Air) (Bangkok) and Boeing (Chicago and Seattle) have announced from the Singapore Airshow a commitment to order eight Next-Generation 737-800s and seven 737 MAX 8s. The commitment, valued at $1.45 billion at list prices, will establish Nok Air as the first airline in Thailand to operate the 737 MAX.
Boeing will work with the Bangkok-based airline to finalize the details of the agreement, at which time the order will be posted to the Boeing Orders & Deliveries website. While Nok Air currently operates a fleet of 14 Next-Generation 737s, this will mark the airline’s first direct order with Boeing.
Copyright Photo: Keith Burton/AirlinersGallery.com. Boeing 737-83N HS-DBH (msn 32614) departs from Bangkok (Don Mueang) base.
Nok Air (view the colorful liveries): CLICK HERE
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, announced today an order for 40 737s. The order, with a list-price value of approximately $3.9 billion, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s.
The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the 737NG to 387 airplanes, the most for both models by any company in the leasing industry.
Flydubai (Dubai) and Boeing (Chicago) announced an order for 75 737 MAX 8s and 11 Next-Generation 737-800s, valued at $8.8 billion at list prices. In addition, the airline retains purchase rights for 25 more 737 MAXs.
The order was first announced as a commitment at the 2013 Dubai Airshow, making it Boeing’s largest single-aisle airplane order in the Middle East.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 14 percent fuel-use improvement over today’s most fuel-efficient single-aisle airplanes.
Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. Already a market success, the 737 MAX has accumulated more than 1,700 orders to date and will have 8 percent per-seat lower operating costs than the future competition.
Flydubai placed its first order for 50 Next-Generation 737-800s at the 2008 Farnborough Air Show and took delivery of its first airplane in 2009. The airline was the first in the world to debut the Boeing Sky Interior, an enhanced onboard experience. To date, flydubai has grown its fleet to 34 Next-Generation 737-800s.
Copyright Photo: Paul Denton/AirlinersGallery.com. Flydubai currently operates 35 Boeing 737-800s. Boeing 737-8KN A6-FEA (msn 40254) arrives back at the Dubai hub.
Boeing (Chicago) has completed the firm configuration of the 737 MAX 8. This milestone marks completion of the major trade studies that define the capabilities of the 737 MAX family.
As detailed designs are completed and released, production can begin. Final assembly of the 737 MAX 8 is scheduled to begin in 2015 with first delivery scheduled for the third quarter of 2017.
The 737 MAX will be 13 percent more fuel-efficient than today’s most efficient single-aisle airplanes and 8 percent more fuel-efficient per seat than tomorrow’s competition. The configuration includes new LEAP-1B engines from CFM International that are optimized for the 737 MAX, a redesigned tail cone and the Boeing designed Advanced Technology Winglet to reduce fuel use. Other changes incorporated include upgrades to the flight deck displays, an electronic bleed air system and fly-by-wire spoiler flight controls.
The 737 MAX family includes the 737 MAX 7, 737 MAX 8 and 737 MAX 9 and will serve the 100- to over 200-seat market. The 737 MAX will extend the Next-Generation 737 range advantage with the capability to fly more than 3,500 nautical miles (6,482 km), an increase of 400-540 nmi (741-1,000 km) over the Next-Generation 737. First delivery of the 737 MAX 9 is planned for 2018 followed by first delivery of the MAX 7 in 2019.
To date, the 737 MAX has accumulated orders for 1,495 airplanes.
CIT Group Inc. (CIT Aerospace) (New York) and Boeing today announced from the 2013 Paris Air Show that CIT Aerospace has placed an order for 30 737 MAX 8s.
As of March 31, 2013, CIT owned or financed a fleet of approximately 350 commercial aircraft, including operating lease and financing agreements in place for 128 Boeing aircraft.
Founded in 1908, CIT is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals
Image: Boeing. Pictured here is an image of the 737 MAX 8 in CIT livery (which has never has been painted).
Boeing (Chicago) announced today that first delivery of the 737 MAX 8 to launch customer Southwest Airlines (Dallas) will be a quarter earlier than originally scheduled – in the third quarter of 2017 instead of fourth quarter.
“Through our disciplined development on the 737 MAX program, the team has retired key technology risks,” said Scott Fancher, vice president and general manager, Airplane Development, Boeing Commercial Airplanes, during a briefing at the 2013 Paris Air Show. “We have informed our customers and they are pleased they will be able to put these more fuel-efficient airplanes in their fleets sooner than planned.”
Since launch in August 2011, the 737 MAX team has worked to define the final configuration of the airplane including new LEAP-1B engines from CFM International, a redesigned tail cone and the Advanced Technology winglet. Testing in the wind tunnel and data analysis prove that the 737 MAX configuration, set to be final in July, will give customers a 13 percent fuel-burn improvement over today’s most fuel efficient single-aisle airplanes.
The work done by Boeing has enabled the program to accelerate the 737 MAX schedule. “We continue to follow our knowledge points through the development process and we have an executable plan. Testing, improvement workshops, and solid early data have allowed us to validate the airplane’s performance and move the schedule forward,” said Fancher.
Image: Boeing. The Boeing 737 MAX will feature new large-format flight deck displays supplied by Rockwell Collins. The new displays will deliver enhanced visuals, improved reliability, lower spares and maintenance costs, lower weight and lower upgrade costs over the life of the airplane. The flight deck layout will maintain operational commonality with the Next-Generation 737 on entry-into-service of the 737 MAX while preparing the airplane for future flight deck capabilities.
Pictured here is an artist’s rendering of the 737 MAX flight deck with the four new large format displays.
Boeing (Chicago) and Kuwait airplane leasing company ALAFCO (Kuwait City) finalized an order for 20 Boeing 737 MAX 8s valued at $2.0 billion at current list price. The order was first announced as a commitment at the Farnborough Airshow in July.
The order brings the total number of 737 MAX orders to date to 878.
SilkAir (Singapore), the regional wing of Singapore Airlines, has signed a Letter of Intent (LOI) to purchase up to 68 new aircraft from Boeing.
The order is the largest in SilkAir’s history and remains subject to the negotiation of a final purchase agreement.
It will comprise firm orders for 54 aircraft and purchase rights for another 14. Firm orders will comprise 23 Boeing 737-800s and 31 Boeing 737 MAX 8s. SilkAir will have the flexibility to switch to other variants within the Boeing 737 product range.
SilkAir currently operates 21 A319s and A320s, with three more A320s due for delivery by the end of 2013. The new aircraft will cater for both growth and fleet renewal.
Copyright Photo: Michael B. Ing. Airbus A319-132 9V-SBF (msn 3104) approaches the SIN base for landing.