Aviation

Boeing and ALAFCO finalize deal to purchase 20 737 MAX 8 aircraft

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– The aircraft leasing company “ALAFCO” relies on MAX aircraft to boost its future growth

Dubai, November 13, 2017 – Boeing (NYSE: BA) and Alafco Aviation Lease Finance Company have finalized a request for 20 additional 737 MAX 8 aircraft at the Dubai 2017 Air Show, To buy MAX aircraft.

In this transaction, the volume of orders from Kuwait Alafco, the global provider of commercial jet charter products, is 40 Boeing 737 MAX. The deal is valued at US $ 2.2 billion on the price list and has been announced as a commitment note at the Paris Air Show.

“Our customers rely on fuel efficiency, reliability and low operational costs to succeed, and the 737 MAX will meet all of these needs and will support the future growth of our company,” said Adel Al Banwan, Executive Vice President, Alafco. That the 737 MAX will ensure our business continues to grow. ”

The 737 MAX offers exceptional flexibility, reliability and efficiency in the single-aisle aircraft market, while reducing operating costs by 8% compared to its main competitor.

Kevin McAllister, President and CEO of Boeing Commercial Airplanes, said: “We are delighted that ALAFCO will continue to expand its partnership with Boeing, and the ability of a 737 MAX 8 aircraft to fly longer distances than competing aircraft with less fuel consumption is one of the main reasons why customers such as ALAFCO To choose the 737 MAX model and contribute to making it the fastest-selling in Boeing’s history. ”

The 737 MAX has received more than 4,000 orders in total so far. The 737 MAX aircraft are equipped with state-of-the-art technologies, equipped with CFM International’s LEAP-1B engines with advanced technology and other enhancements to deliver the highest level of efficiency, reliability and passenger comfort in the single-lane aircraft market.

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”