Avolon Confirms Order for 12 Boeing 737-800s

Dublin, Ireland-based leasing company Avolon has ordered 12 Boeing Next-Generation 737-800 jetliners.

Valued at approximately $921 million at average list prices, the Avolon order had been posted to Boeing's Orders and Deliveries in December 2009 and attributed to an unidentified customer.

"Avolon's order is especially significant because it is a brand-new player in the leasing industry, having just launched in May and established offices around the world," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "Avolon's selection of the 737 is another indicator of the 737's value to airlines and investors. Their entry into the marketplace is another signal that both the aviation industry and the air transport sector are recovering – and that's good news for all of us."

"This order represents a further step towards our stated strategy of developing Avolon as a global leader in aircraft leasing," said Domhnal Slattery, Avolon CEO. "Having our own delivery stream of new aircraft is a natural complement to our sale and leaseback and other financing capabilities. At a value of close to $1 billion the order reflects both the scale of our ambition and the strength of our financial backing."

The Next-Generation 737-800 seats between 162 and 189 passengers.

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