Browse > Home / Commercial / Boeing, Aviation Capital Group Sign Order for 15 Next-Generation 737s

Boeing, Aviation Capital Group Sign Order for 15 Next-Generation 737s

Written by thomas · Filed Under Commercial 

July 17, 2008

thomas

FARNBOROUGH, United Kingdom, July 16 /PRNewswire-FirstCall/ — Boeing
(NYSE: BA) and Aviation Capital Group (ACG), a subsidiary of Pacific
LifeCorp, today announced that the Newport Beach, Calif.- based leasing
company has ordered an additional 15 Next-Generation 737-700s.

The order is worth approximately $934 million at list prices.

“This supplements our order for 17 Next-Generation 737s announced in
April,” said R. Stephen Hannahs, group managing director and chief
executive officer of ACG. “We continue to order the 737 with the latest
technological improvements, including Blended Winglets and engine
enhancements, as part of our long-standing strategy to have the most
fuel-efficient airplanes needed by our customers.”

With today’s announcement, ACG has ordered a total of 96 Boeing
airplanes — 91 Next-Generation 737s and five 787 Dreamliners. This
includes 15 Next-Generation 737s for which ACG acquired delivery positions
from Delta Air Lines in 2006. Of the 96 Boeing airplanes ordered, 89 remain
to be delivered.

ACG’s current fleet contains 131 Boeing airplanes, including
Next-Generation 737s, as part of the company’s portfolio of more than 230
aircraft.

“This order reaffirms Boeing’s and ACG’s commitment to the world’s most
popular airplanes,” said John Feren, vice president of Sales — Leasing and
Asset Management, Boeing Commercial Airplanes. “The Next-Generation 737 is
the best-selling jetliner of all time because of its high reliability and
fuel efficiency and its low operating costs. Those all add up to value for
successful carriers around the globe.”

The Next-Generation 737 is the most technologically advanced
single-aisle airplane family. The Next-Generation 737’s market success is
confirmed by air finance investors, who consistently rank it as the most
preferred airplane due to its wide market base, superior efficiency and
lowest operating costs in its class.

To date, 115 customers have placed orders for more than 4,800
Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed
2,200 airplanes, worth more than $160 billion at list prices.

About Aviation Capital Group

Aviation Capital Group is owner/lessor and portfolio manager of a
diversified fleet of commercial jet aircraft leased to the world’s leading
airlines. Its portfolio includes 233 aircraft leased to 97 airlines in 42
countries. ACG’s Capital Markets Group also provides asset management and
remarketing services to airplane investors and institutional clients. ACG
was founded in 1989 and is a wholly-owned subsidiary of Pacific LifeCorp.

SOURCE Boeing

» Próximo Post - NASA Spacecraft Shows Diverse, Wet Environments on Ancient Mars
« Post Aneterior - Saft Wins $170 Million Maximum Contract With the U.S. Defense Logistics Agency

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.