Boeing, SMBC Aviation Capital Announce $8.5B Order
NOV 10, 2014 - 7:08 am
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.
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