Jackson Square Aviation Orders 30 737 MAXs from Boeing



Jackson Square Aviation ordered 30 737 MAX airplanes from Boeing in its first direct purchase from a jet maker.

The two companies unveiled the $3.5 billion deal – per current list prices – during a signing ceremony at the 2018 Farnborough International Airshow. The order, previously unidentified on Boeing’s orders and deliveries website, represents the 100th customer for the 737 MAX program.

“Today’s order is an exciting moment in the history of Jackson Square Aviation,” said Toby Bright, Jackson Square Aviation’s CEO. “We are excited to become even more of a full-service partner for our airline customers by expanding our fleet of 737 MAX airplanes as global demand for narrow-body jets continues to rise. The MAX is quickly becoming an important part of our portfolio and we look forward to offering this modern, fuel-efficient and reliable aircraft to airlines around the world. We have carefully evaluated how speculative orders can enhance our long-term business model, and this transaction signifies the next step in that development.”

Since its founding in 2010, San Francisco-based Jackson Square Aviation has grown steadily by buying new technology airplanes from airlines globally through sale-leaseback financing and pre-delivery payment financing agreements. The company has a portfolio of more than 180 jets with lease terms placed with 49 customers in 27 countries.

“We are proud to support this important transaction between Jackson Square Aviation and Boeing,” said Naoki Sato, the managing executive officer of Mitsubishi UFJ Lease & Finance Company and the chairman of Jackson Square Aviation. “This order reflects our strong confidence in the continued growth of the aviation sector and in the leadership of JSA.”

“Jackson Square Aviation has reached significant heights since its founding, having financed more than 100 Boeing airplanes. We are proud to have been their partner and we are extremely honored that JSA has chosen to expand its business on the wings of the 737 MAX,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “The 737 MAX is the best airplane in the single-aisle segment. It will provide Jackson Square Aviation’s customers with exceptional efficiency, improved range and unmatched reliability.”


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