SMBC Aviation Capital Orders 25 Boeing 737 MAX Jets

Aircraft operating lease company SMBC Aviation Capital ordered 25 737-8 MAX jets from Boeing, increasing its backlog to 81 737 MAX jets focused on the 737-8.

“We are pleased to conclude this further order with our long-standing partner Boeing and we look forward to working closely with them in the future. This transaction demonstrates our commitment to provide our customers with the latest-technology, most fuel-efficient aircraft as they seek to meet their own sustainability objectives and reduce operating costs,” Peter Barrett, CEO of SMBC Aviation Capital, said. “Our customers have demonstrated clear long-term demand for the 737 MAX, and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel.”

The 737-8 can reduce fuel use and emissions by up to 20% on average. Each airplane could save up to 8 million pounds of CO2 emissions annually compared to the airplanes it replaces. Boeing has secured more than 400 737 MAX family orders in 2023.

“As one of the industry’s leading airplane lessors, SMBC’s decision to increase its 737 MAX backlog with an order for 25 737-8s shows its confidence in the value the airplane brings to its airline customers,” Stan Deal, president and CEO of Boeing Commercial Airplanes, said. “The 737-8’s incredible versatility and unrivalled fuel efficiency makes it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.”

The 737-8 seats 162 to 210 passengers, depending on configuration, with a range of 3,500 nautical miles.

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