Avolon in deal to buy 75 aircraft valued at $8.4bn

“This large order of one of the newest and most popular aircraft will support the acceleration of CALC’s business expansion”, said Mike Poon, CEO of CALC.

PARIS Aircraft leasing company Avolon announced a memorandum of understanding (MoU) for 75 Boeing 737 MAX 8 aircraft, and Avolon’s chief executive said he would also consider Boeing’s 737 MAX 10 models. “These new airplanes are expected to deliver extraordinary efficiency, reliability and passenger comfort in their segment market, making them very compelling for us in our fleet growth and network expansion”. The carrier plans to grow its operational fleet to 100 airplanes by 2020 and looks to expand regionally with the new 737 MAX family of airplanes.

Industry sources said that Airbus would soon announce an order for 10 of its A350-900 wide-body jets from Ethiopian Airways, while it also looked set to clinch a $US5 billion ($A6.5 billion) deal with low-priced carrier Viva Air Peru. Deal also includes an option for a further 50 Boeing 737 MAX 8 aircraft.

The announcement, valued at approximately $6.24 billion at list prices, will be posted to the Boeing Orders & Deliveries website once finalised. The airplane will provide Ryanair with 197 seats, increasing revenue potential and providing airlines like Ryanair with up to 16 percent better fuel efficiency per seat than today’s most efficient single-aisle airplanes.

The US planemaker said it had more than 240 orders and commitments from at least 10 customers for the new 737, which can carry up to 230 people in a single-class configuration. The MAX 8 and 9 will be followed in 2019 by the introduction of a smaller, long-range MAX 7 and a 200-seat 737 MAX 8. Some releases are not in English.