Aviation Capital Group Orders 35 Boeing 737 Max Jets
Aviation Capital Group LLC (ACG) announced on July 15 that the airplane lessor has finalized an order for 35 Boeing 737 Max jets, comprising 16 737-8 and 19 of the larger 737-10 variants. This new purchase follows an incremental 737 Max order last year, increasing ACG’s total 737 Max commitments to 82 orders as it expands its portfolio to meet the growing customer demand for fuel-efficient airplanes.
“This firm order for additional 737 Max aircraft enhances the strategic value of ACG’s order book, supports a key pillar of our growth strategy, and reinforces our commitment to invest in modern and fuel-efficient aircraft technology,” said Thomas Baker, Chief Executive Officer and President at ACG. “We look forward to supporting our airline customers worldwide with these highly versatile and fuel-efficient aircraft.”
The 737-8 can carry up to 210 passengers depending on the configuration, with a range of 3,500 nautical miles (6,480 km). The 737-10, the largest 737 Max model, offers the best per-seat economics of any single-aisle airplane, seating up to 230 passengers with a range of 3,100 nautical miles (5,740 km). Both variants reduce fuel use and carbon emissions by 20% compared to the airplanes they replace.
“Today’s repeat order demonstrates market demand for the 737 Max family of airplanes as ACG’s customers seek to operate flexible, fuel-efficient fleets,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “ACG has been a longstanding, valued partner on the 737 MAX program, and we look forward to working together to deliver the latest airplane technology to its airline customers.”
On average, each 737 Max saves up to eight million pounds of CO2 emissions annually and features a 50% smaller noise footprint than the airplanes it replaces.
Aviation Capital Group is one of the world’s premier full-service aircraft asset managers, with over 480 owned, managed, and committed aircraft as of March 31, 2024, leased to roughly 90 airlines in approximately 45 countries. Specializing in commercial aircraft leasing, ACG also provides aircraft asset management services and aircraft financing solutions for third parties. Founded in 1989, ACG is a wholly owned subsidiary of Tokyo Century Corporation.
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Sources: AirGuide Business airguide.info, bing.com, boeing.com