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Boeing confirms $4bn 737 order from leasing giant

Boeing has secured an order for 40 B737s worth almost $4 billion from the commercial aircraft leasing and financing arm of General Electric.

The deal from GE Capital Aviation Services covers 20 737 MAX 8s and 20 next-generation 737-800s.

The order was booked last year and was previously attributed to an unidentified customer by Boeing.

GECAS president and chief executive Norman Liu said: “We ordered more 737 MAX 8s and next-generation 737-800s because demand continues to grow as our airline customers require more fuel-efficient aircraft to compete in the marketplace.

“This order further strengthens the large GECAS order book.”

The follow-on order increases the GECAS order book for the 737 MAX to 95 aircraft and the next-generation 737 to 387, more for both models than any other company in the leasing industry.

Boeing Commercial Airplanes global sales senior vice president John Wojick said: “GECAS is an industry leader and this follow-on order reinforces the value of the next-generation 737 and 737 MAX in the leasing market.

“The 737 MAX will provide GECAS’s airline customers with the best-in-class operating efficiencies and passenger amenities.”

GECAS has ordered 638 aircraft directly from Boeing, including 737s, 747s, 757s, 767s, 777s and 787s. GECAS has taken delivery of 459 of the aircraft.

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