Tokyo-based Japan Investment Adviser
has finalised an order for 10 Boeing 737 MAX 8 airplanes, valued
at $1.12 billion at current list prices.
The new 737 MAX 8s are the first directly
purchased airplanes for JIA and will help bolster the lessor's
growing fleet of next-generation aircraft.
"We are excited to introduce the new 737 MAX 8
airplane into our single-aisle fleet and we are confident that
this airplane will diversify our operating lease portfolio in the
years ahead," said Naoto Shiraiwa, president and CEO of JIA. "The
737 MAX will provide us with a stronger competitive advantage in
providing our future airline clients with reliable airplanes that
make sense economically."
JIA, a financial solutions provider, is listed on the Tokyo Stock Exchange. Its activities include operating a lease business that manages a
fleet of around 60 aircraft worldwide through its operating lease
arm, JP Lease Products & Services (JLPS). The current managed
fleet includes Next Generation Boeing 737s as well as Boeing 777s.
"We are honored to play an important role in the growth of
JIA as a key player in the commercial leasing business within
Asia," said Ihssane Mounir, senior vice president of Global Sales
and Marketing, Boeing Commercial Airplanes. "JIA has made the
perfect selection for their new fleet strategy, as the 737 MAX
provides operators with market-leading economics and reliability.
We are proud to share this milestone with JIA as we continue to
strengthen our partnership going forward."
The 737 MAX is powered by CFM International
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