Aviation

Aircraft Lessor Griffin Global Asset Management Orders Five Boeing 737-8 Jets

SEATTLE, Sept. 1, 2021 — Boeing [NYSE:BA] and Griffin Global Asset Management today announced the aircraft lessor is expanding its commercial aircraft portfolio with five new 737-8 jets. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the airplanes during the market recovery.

“As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand. The 737-8 is well-positioned to support this objective, and this order lays a strong foundation for more to come with Boeing and Griffin on future opportunities,” said Ryan McKenna, founder and CEO of Griffin.

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Designed and built in Renton, Washington, the 737 MAX family delivers superior efficiency, flexibility and reliability while reducing fuel use and carbon emissions by at least 14% compared to the airplanes they replace. The 737-8 seats up to 189 passengers and can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Every 737 MAX features the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

The comparison of ACJ 320neo vs BBJ 737 max 8

“Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio. As Griffin places its first direct order with Boeing, we welcome them to the 737 family and look forward to working with the team in the future,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.

Aviation

Boeing Resumes 737 MAX Manufacturing After Seven-Week Strike

In a crucial move for its recovery, Boeing has restarted production of its best-selling 737 MAX jetliner, about a month after a significant seven-week strike involving 33,000 factory workers came to an end.

This marks a key milestone for the planemaker, which has been facing considerable challenges in recent years, including heavy debt and a series of setbacks.

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According to the report from Reuters, Boeing resumed the production of the 737 MAX jetliner last week, a pivotal step as the company aims to meet the growing global demand for air travel. With over 4,200 orders from airlines, Boeing’s ability to get the 737 MAX production line back in motion is vital for its financial recovery.

Although Boeing had previously planned to restart production earlier, the company faced numerous obstacles that delayed this process. Federal Aviation Administration (FAA) head Mike Whitaker told Reuters on Thursday that while Boeing had not yet resumed production, they had plans to restart by the end of the month.

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The road to this point has been rocky for Boeing. Setbacks such as the tragic fatal crashes of the 737 MAX, the COVID-19 pandemic, ongoing supply chain issues, production safety concerns, and increased regulatory scrutiny have all contributed to delays in the company’s efforts to ramp up production.

The seven-week strike, which involved thousands of Boeing’s factory workers, added yet another hurdle. Despite these challenges, production of the 737 MAX officially resumed on Friday, according to one of the anonymous sources.

Boeing, however, declined to comment on the matter. The planemaker is now focused on reaching its goal of producing 56 737 MAX airplanes per month, a target that has been delayed due to the many issues that have beset the company over the past few years.