Air Lease Corporation Orders 75 Boeing 737 MAXs

Air Lease Corporation has signed a firm order with Boeing for 60 737 MAX 8 and 15 737 MAX 9 airplanes, with reconfirmation rights for 25 additional 737 MAXs.

The order, with a list-price value of $7.2 billion, represents the first 737 MAX order by a leasing company.

"The 737 MAX is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s," said Steven Udvar-Hazy, chairman and CEO of Air Lease Corporation. "The 737 MAX represents a step-change improvement that our airline clients need to compete in the future."

The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines. Boeing says that airlines operating the 737 MAX will see a 13% fuel burn improvement over today's most fuel efficient single-aisle airplanes and an 8% operating cost per seat advantage over tomorrow's competition.

To date, the 737 MAX has orders and commitments for more than 1,000 airplanes.

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