Boeing and Avolon, the international aircraft leasing company, have finalized an order for 75 737 MAX airplanes. The confirmed order is for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s.
The agreement, announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show, is valued at nearly $11 billion at list prices including the 75 firm and 20 option aircraft.
Launched at the 2017 Paris Air Show, the MAX 10 will have the lowest seat-mile cost of any single-aisle airplane. The new airplanes will bolster Avolon’s airplane portfolio to meet growing customer demand in the narrow-body market segment.
Headquartered in Dublin, Ireland, Avolon is one of the world’s leading aircraft leasing firms, with an owned, managed and committed fleet of 915 aircraft as of September 30, 2017. Avolon also has the youngest owned fleet amongst the top three lessors and an order book of exclusively new technology aircraft.
Ruili Airlines and Boeing on June 22, 2017 announced the signing of a Memorandum of Understanding (MOU) for 20 737 MAX airplanes at the 2017 Paris Air Show.
Launched in May 2014, Ruili Airlines operates a fleet of 14 Boeing 737 airplanes on 28 domestic routes with 76 daily departures. The start-up carrier plans to expand its fleet to 40 aircraft by the end of 2020.
Boeing and AerCap on June 21, 2017 announced that two 737 MAXs will be leased by AerCap to the Italian carrier Neos. Based at Milan Malpensa Airport, Neos will become the country’s first 737 MAX operator when it takes delivery of the airplane in 2019.
AerCap is the third largest 737 MAX lessor in the world, with 100 aircraft on order.
Founded in 2001, Neos caters to Italy’s leisure market providing flights predominately from Milan, but also other major Italian cities, to destinations across Africa, Asia, the Caribbean and the Mediterranean. Neos is part of Alpitour World, the leading integrated leisure concern in Italy operating, apart from aviation, in tour operating, hotel management, destination management services and distribution.
Boeing and Monarch Airlines have announced an order for 15 additional 737 MAX 8s. Valued at $1.7 billion at current list prices, the order will grow Monarch’s 737 MAX fleet from 30 to 45 airplanes.
The order was previously attributed to unidentified customers on the Boeing Orders & Deliveries website. Monarch has confirmed the 15 options and has agreed with a lessor for them to take 13 aircraft for lease back to Monarch.
Additionally Boeing also announced that the UK carrier has selected Boeing’s Global Fleet Care — formerly known as GoldCare — for its entire 737 MAX fleet.
Through Global Fleet Care’s Integrated Fleet Solution, Boeing will deliver maintenance, engineering and parts required to run Monarch’s MAX operations following the delivery of its first airplane in 2018.
Monarch has also selected Boeing as its flight training provider for its 737 MAX fleet and will be entering into an agreement with Boeing subsidiary AerData for services pertaining to aircraft records management.
Boeing confirms the signing of a Memorandum of Agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX airplanes with a list price value of $3 billion. The agreement also provides the airline with purchase rights for 30 additional 737 MAXs.
According to the U.S. Department of Commerce, an aerospace sale of this magnitude creates or sustains approximately 18,000 jobs in the United States. Deliveries would be scheduled to start in 2022.
Boeing negotiated the MOA under authorizations from the U.S. government following a determination that Iran had met its obligations under the nuclear accord signed in 2015. Boeing will look to the Office of Foreign Assets Control for approval to perform under this transaction. Boeing continues to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines are contingent upon U.S. government approval.
Copyright Photo: Boeing 737-8 MAX 8 SSWL N8703J (msn 42556) BFI (Nick Dean). Image: 934344.
Boeing (Chicago, Seattle and Charleston) and Korean Air (Seoul) today finalized the airline’s order of 30 737 MAXs and two additional 777-300 ER (Extended Range) jetliners valued at nearly $4 billion at current list prices. The airline also has options for additional 737 MAXs as part of the order, which was previously announced as a commitment during the Paris Air Show in June.
With this order for up to 52 Boeing airplanes, Korean Air becomes Boeing’s newest 737 MAX customer and now has 62 firm Boeing airplane orders on backlog.
As part of this order for 737 MAX airplanes, Korean Air also adds another two 777-300ERs as it continues to modernize its long-haul widebody fleet.
Korean Air currently operates a fleet of 91 Boeing passenger airplanes that consist of 737, 747 and 777 models. The airline also operates an all-Boeing cargo fleet of 28 747-400, 747-8 and 777 Freighters.
Korean Air aircraft slide show:
Boeing (Chicago, Seattle and Charleston) employees in Renton, Washington, have started final assembly on schedule of the first 737 MAX 8, the first member of Boeing’s new, more efficient single-aisle family.
After the first fuselage arrived on August 21 from Spirit Aerosystems in Wichita, Kansas, mechanics began installing flight systems and insulation blankets.
Crews next moved the fuselage to the wing-to-body join position on the new production line where the first MAXs will be built. Mechanics then attached the wings to the body of the airplane.
The wings feature Boeing’s new Advanced Technology winglets. Designed exclusively for the 737 MAX, they will give customers up to 1.8 percent additional fuel-efficiency improvement over today’s inline winglet designs.
Boeing will build the first 737 MAXs exclusively on the new production line in the Renton factory. Once mechanics prove out the production process, the team will extend MAX production to the other two final assembly lines in Renton.
The 737 MAX team remains on track to roll out the first completed 737 MAX by the end of the year and fly it in early 2016. Launch customer Southwest Airlines is scheduled to take delivery of the first 737 MAX in the third quarter of 2017. In total, the 737 MAX family has 2,869 orders from 58 customers worldwide.