Avolon Commits to Ordering 40 Boeing 737 MAX Aircraft

Avolon, a global leasing firm for airplanes, declares its intention to order 40 Boeing 737 MAX aircraft. The aircraft are scheduled for delivery between 2027 and 2030, and valued at over $4 billion at current list price.

Avolon delivered the first 737 MAX in 2017 and the thousandth 737 MAX earlier this year. This commitment shows faith in the long-term need for this aircraft type and builds on a good relationship with Boeing. It will bring the total number of aircraft owned, managed, and committed by Avolon to 870.

While reducing fuel use and emissions by up to 20% compared to the aircraft it will replace, the 737 MAX offers Avolon’s clients greater network flexibility. This pledge supports Avolon’s initiatives to expand the number of modern, fuel-efficient aircraft in its fleet, which are aided by the 737 MAX’s usage of the most recent CFM International LEAP-1B engines and cutting-edge winglets.

The acquisition is merely contingent on the approval of Bohai Leasing Co., Ltd. shareholders, who hold 70% of Avolon. This approval is anticipated before the end of May.