Boeing, Avolon Agree on New Order for 40 737-8 airplanes

Boeing and Avolon announced the Ireland-based lessor intends to purchase 40 more 737-8 airplanes to expand the lessor’s 737 MAX portfolio – consisting of 737-8 and 737-10 variants – to more than 110 jets. Avolon also ordered 40 737-8s in June.

The new order is subject to shareholder approval by Bohai Leasing Co, Ltd, Avolon’s main shareholder, and will be posted to Boeing’s Orders and Deliveries website when finalized.

Noteworthy, the 737 MAX provides Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by up to 20%.

On average each airplane will save up to 8 million pounds of CO2 annually compared to airplanes it replaces.

Besides, the 737-8 airplanes, seating 162 to 210 passengers depending on configuration and with a range of up to 3,500 nautical miles, is the market’s most versatile single-aisle airplane, capable of operating profitably on short- and medium-haul routes.

About Avolon

Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel.

Working with 147 airlines in 65 countries, Avolon has an owned, managed, and committed fleet of 897 aircraft, as of 30 September 2023.

About Boeing

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries.

As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact.

Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.