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Aviation Capital Group orders 15 Next-Generation Boeing 737s

Travel News Asia Latest Travel News Podcasts Thursday, 17 July 2008

Aviation Capital Group (ACG), a Newport Beach, Calif.- based leasing company has ordered an additional 15 Next-Generation Boeing 737-700s. The order is worth approximately $934 million at list prices.

"This supplements our order for 17 Next-Generation 737s announced in April," said R. Stephen Hannahs, group managing director and chief executive officer of ACG. "We continue to order the 737 with the latest technological improvements, including Blended Winglets and engine enhancements, as part of our long-standing strategy to have the most fuel-efficient airplanes needed by our customers."

With this order, ACG has ordered a total of 96 Boeing airplanes - 91 Next-Generation 737s and five 787 Dreamliners. This includes 15 Next-Generation 737s for which ACG acquired delivery positions from Delta Air Lines in 2006. Of the 96 Boeing airplanes ordered, 89 remain to be delivered.

ACG's current fleet contains 131 Boeing airplanes, including Next-Generation 737s, as part of the company's portfolio of more than 230 aircraft.

To date, 115 customers have placed orders for more than 4,800 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 2,200 airplanes, worth more than $160 billion at list prices.

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