Boeing and Aviation Capital Group LLC (ACG) today at the Farnborough International Airshow announced the aircraft lessor is growing its 737 MAX portfolio with an order for 12 additional 737-8 jets.
Today’s announcement will see ACG expand its 737 MAX order book to 34 airplanes, building upon an order for nine 737-8s in May 2022. Boeing is seeing strong market demand for the 737 MAX family, with more than 1,000 gross orders across all models since late 2020.
Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a firm contract for 20 Airbus A220s following its order for 40 A320neo Family aircraft including five A321XLRs announced in December 2021.
Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MOU) for 20 Airbus A220s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLRs.
With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.
Boeing and Aviation Capital Group (ACG) today announced an order for 20 737 MAX 8 airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.34 billion at list prices, raises ACG’s 737 MAX direct-buy order quantity to 100.
The new orders will appear on Boeing’s Orders & Deliveries website once all contingencies have been met.
ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.
According to the Boeing 2018 Commercial Market Outlook released this week, airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years. That represents a 6-percent increase over last year’s forecast. Analysts say the demand is fueled by the success of low-cost carriers and a big requirement for single-aisle jets for growth and replacement.
The 737 MAX family is designed to offer customers exceptional performance, with lower per-seat costs and an extended range to open up new destinations in the single-aisle market. The 737 MAX incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.