GECAS Finalizes Order For Up To 100 Boeing 737s

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has finalized a firm order with Boeing for 85 737s, which includes 75 737 MAX 8s and 10 Next-Generation 737-800s.

The order, first announced as a commitment at the Farnborough Airshow in July, allows for up to 15 additional 737-800s.

The order is worth $6 billion at list prices.

"GECAS is a leader in the commercial airplane leasing industry with a successful track record of placing 737s with airlines worldwide," said President and CEO Ray Conner, Boeing Commercial Airplanes. "The GECAS leadership team will have the same success with the 737 MAX. The airplane will provide passengers with the exceptional flying experience that they have come to expect from the 737 family, but with increased fuel efficiency and technological advancements."

The 737 MAX uses CFM International LEAP-1B engines.

With this order, GECAS has ordered 580 airplanes directly from Boeing since 1995, which includes 737s, 747s, 757s, 767s and 777s. To date, GECAS has taken delivery of 433 of the airplanes.

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