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GECAS place $4 billion order for 40 Boeing 737 MAX and 737-800 aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric has announced an order for 40 Boeing 737 aircraft. The order, valued at $3.9 billion at list prices, consists of 20 737 MAX 8 and 20 Next-Generation 737-800 jets. The order, booked in 2013, was previously attributed to an unidentified customer on Boeing’s Orders and Deliveries website.

“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,” said Norman C.T. Liu, president and chief executive officer, GECAS.

GECAS order for 40 Boeing 737 aircraft

GECAS order for 20 737 MAX and 20 Next-Generation 737 aircraft

“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, the most for both models by any company in the leasing industry.

“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,” said John Wojick, senior vice president of Global Sales, Boeing Commercial Airplanes.

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,630 owned and serviced aircraft with over 230 airlines.

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

The Boeing 737-800 is one of the best-selling versions of the highly successful Next-Generation 737 family, the most technologically advanced airliners in the single-aisle market.

The 737 MAX brings the most advanced engine technologies to the world’s best-selling airliner, 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. To date, 32 customers have ordered 1,763 MAX airplanes.

With today’s announcement, GECAS has ordered 638 aircraft from Boeing, which includes the 737, 747, 757, 767, 777 and 787 range. To date, GECAS has taken delivery of 459 of the aircraft.

 

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