Avolon, from Ireland, closed a new firm order for 40 737 MAX 8 jets with Boeing on Tuesday during the Paris Air Show.
The order had already been announced in April as a Letter of Intent, now official. The aircraft should be delivered by the end of the decade. Avolon already has another 36 MAX planes from another deal signed in 2017.
Avolon said that part of the customers who will receive the jets are in Latin America, but without revealing names.
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“Today’s announcement reaffirms our long-standing partnership with Boeing and our support for their 737 MAX program. We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030,” said Andy Cronin, CEO, Avolon. “The transitioning of the global fleet to more fuel-efficient new-technology aircraft is a priority for our industry, and we are looking to play a leading role by supporting airlines achieving their sustainability objectives.”
“This order demonstrates the popularity of the 737-8 among the leasing community and the demand they are seeing from their customers for this airplane model,” said Stan Deal, president and CEO, Boeing Commercial Airplanes. “Avolon has a long-standing relationship with the 737 MAX program and took delivery of the 1,000th 737 MAX last year. We look forward to building on this strong relationship with a key leasing partner as they grow their Boeing portfolio of airplanes.”
Air Algérie goes from 737 MAX 9
The airline Air Algérie confirmed shortly before an agreement to receive nine 737 MAX 9, the second certified version of the jet by Boeing.
With 193 seats, the 737 MAX 9 will be the largest model in the family for Algeria’s flag carrier. It also operates the 737-500, 737-600 and 737-800 versions.
“This order will contribute to the development of the Air Algérie fleet,” said Yacine Benslimane, general manager of Air Algérie. “This acquisition is part of Air Algérie’s fleet extension strategy through the purchase of new aircraft.”
Air Algérie is in the process of renewing its fleet and weeks ago signed a deal with Airbus to receive five A330-900neo and two A350-1000.