Boeing and SMBC Aviation Capital announced an order for 80 737 MAX 8s, valued at more than $8.5 billion at list prices. This is the largest single order for 737 MAXs from a leasing company and will help SMBC Aviation Capital grow its portfolio of high-demand, fuel-efficient airplanes.
With this agreement SMBC Aviation Capital becomes the 50th 737 MAX customer and grows the program’s order book to more than 2,400 airplanes.
Boeing’s Current Market Outlook forecasts that airlines will need more than 25,600 single-aisle airplanes like the 737 MAX over the next 20 years.
“It is 10 years since our business placed its first order with Boeing and we have enjoyed a decade of successful partnership since then,” said Peter Barrett, CEO, SMBC Aviation Capital.
Business continues to hold steady or even improve in equipment finance, as the Top 25 Private Independents reported $7,504.5 million in new business volume for 2018, topping a record-setting 2017 with a growth of 17.2% year-over-year. Four companies achieved volume... read more
When companies tell me they aren’t using social media in their marketing efforts, I always tell them, “Social Media is not mutually exclusive to lifestyle brands.” Over the past several years, there has been a serious misunderstanding of social media... read more