Tag Archives: 737 MAX 8

Iran Air orders 50 Boeing 737 MAX 8s, 15 777-300ERs and 15 777-9 Dreamliners

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Boeing and Iran Air on December 11, 2016 announced an agreement for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9 Dramliners, valued at $16.6 billion at list prices.

Based on its Memorandum of Agreement (MOA) with Iran Air announced in June 2016, the contract was reached within the terms of the U.S. Government license issued to Boeing in September.

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ALC to lease six Boeing 737 MAX 8s to LOT Polish Airlines

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Air Lease Corporation has announced the placement of six new Boeing 737 MAX 8s with CFM Leap-1B engines on long-term lease to LOT Polish Airlines. In addition to the six firm lease placements, the agreement includes the option to lease five new 737 MAX 8s, to be confirmed by early 2017. All eleven aircraft are from ALC’s order book with Boeing.

Delivery of the first two firmly-contracted aircraft will begin in the fourth quarter of 2017, the next two in 2018, one in 2019, and the sixth aircraft will deliver in or before the first quarter of 2020. The optioned aircraft are expected to deliver in 2019 and 2020.

The new 737 MAX 8 aircraft will be used by LOT to increase frequencies and add new destinations on LOT’s extensive European and Eurasian route network.

LOT has one of the youngest fleets in Europe and was the first European airline to introduce into service the Boeing 787 Dreamliner. LOT estimates that in 2020 it will operate a total of approximately 70 aircraft, including 16 Dreamliners and approximately 15 new single-aisle planes with 150-plus seating capacity.

Photo: ALC.

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Greybull Capital finalizes its £165 million investment in Monarch Airlines

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Monarch Airlines on October 12, 2016 announced the biggest investment in its 48 year history, a £165 million ($202.4 million) investment from its majority shareholder, Greybull Capital.

As a result of this investment Monarch has successfully renewed its ATOL licences from the CAA for the next 12 months and funded future growth plans.

In October 2014, Monarch announced an order for 30 Boeing 737 MAX 8 aircraft (above), with options for a further 15 planes. The first of these aircraft is due to be delivered in 2018.

The arrival of these state-of-the-art, fuel efficient aircraft in less than two years’ will enable Monarch to continue to provide passengers with a best in class inflight experience and allow the company to enjoy significant operational cost savings.

Andrew Swaffield, Chief Executive Officer of The Monarch Group, commented: “It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our ATOL licences.

“I’d like to thank the CAA, our shareholders, partners, loyal customers and the team at Monarch for helping us to achieve this successful outcome. We are now firmly focused on the future as a stronger Monarch.”

Seabury Group LLC and Seabury Securities (UK) Ltd. served as financial advisor with respect to the recapitalisation.

Image: Boeing.

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Boeing rolls out the first 737 MAX 8

Boeing (Chicago, Seattle and Charleston) today made this announcement of the roll out at Renton of the first Boeing 737 MAX 8:

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Today, thousands of Boeing (BA) employees in Renton, Wash., celebrated the completion of final assembly of the first 737 MAX 8.

“Today marks another in a long series of milestones that our team has achieved on time, per plan, together,” said Keith Leverkuhn, vice president and general manager, 737 MAX, Boeing Commercial Airplanes. “With the rollout of the new 737 MAX – the first new airplane of Boeing’s second century – our team is upholding an incredible legacy while taking the 737 to the next level of performance.”

The production-complete airplane rolled out of the Renton factory and into the paint hangar on Nov. 30, the precise date determined when the MAX development schedule was defined more than four years ago. Today the freshly painted 737 MAX 8, named the Spirit of Renton, was revealed to employees in a special teal version of the Boeing livery. After celebrations are complete, the airplane will undergo pre-flight preparation in the factory before departing for Renton Field to continue flight test readiness. The airplane is on track for first flight in early 2016.

With the second and third 737 MAX 8 flight test airplanes currently in final assembly and the fourth (and final) in sub-assembly, the 737 MAX remains on track for first delivery to launch customer Southwest Airlines in the third quarter of 2017.

The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs: 8 percent per seat less than the A320neo.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Boeing-designed Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 is the first member in Boeing’s new family of single-aisle airplanes – the 737 MAX 7, MAX 8, MAX 200 and MAX 9 – to begin production. The 737 MAX family has nearly 3,000 orders from 60 customers worldwide.

Photos: Boeing. Boeing 737 MAX 8 N8701Q (msn 42554) will eventually be delivered to launch customer Southwest Airlines.

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Boeing and BOC Aviation announce an order for 22 737-800s and 737 MAX 8s

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Boeing (BA) and BOC Aviation (Singapore), announced an order for 22 737 airplanes, building on the leasing company’s existing order book to fulfill customer demand.

The order, consisting of 11 Next-Generation 737-800s and 11 737 MAX 8 airplanes, will be posted to Boeing’s Orders and Deliveries website once finalized.

In addition to today’s announcement, BOC Aviation has ordered 167 737 airplanes, including 50 737 MAXs and 16 777s.

BOC Aviation is a leading global aircraft leasing company with a portfolio of 253 owned and managed aircraft operated by 59 airlines worldwide in 29 countries, with commitments to acquire 203 aircraft, as of 30 September 2015. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle and Tianjin.

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Enter Air orders two Boeing 737 MAX 8s and two 737-800s

Boeing (Chicago, Seattle and Charleston) and Enter Air (Warsaw) have announced an order for two 737 MAX 8s and two Next-Generation 737-800s. The order, worth more than $400 million at current list prices and previously attributed to an unidentified customer, is the first direct order for Boeing from the Polish charter carrier.

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Enter Air continues to grow following its first commercial flight in 2010. Today, the Warsaw based carrier serves more than 70 holiday destinations across the Mediterranean, Africa, the Middle East and Asia with an all-Boeing fleet of 17 Classic and Next-Generation 737s.

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Top Image: Boeing (all others by Enter Air).

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SMBC Aviation Capital orders 10 Boeing 737 MAX 8s

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Boeing (Chicago, Seattle and Charleston) and SMBC Aviation Capital (Dublin), one of the world’s largest aircraft lessors, announced an order for 10 737 MAX 8s today at the Paris Air Show. This deal adds to a 2014 order placed by the lessor for 80 737 MAX 8s for a total of 90 on order.

Boeing has been doing business in Japan for more than 60 years, during which time it has built close and enduring partnerships with Japanese customers and industry partners. Japanese customers have purchased over 1,000 Boeing airplanes and Japan’s aerospace companies make a significant contribution to all Boeing commercial airplane programs: the 737, 747-8, 777 and 787, and now the 737 MAX and 777X.

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SMBC Aviation Capital has a modern fleet of over 370 owned and managed aircraft valued at more than $10.5 billion, which includes 180 Boeing airplanes. The leasing company has 95 airline customers and over 42 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.

Image: Boeing.