Boeing Secures Another 737 MAX Order

Boeing has welcomed another commitment for the 737 Max. This time from important and leading aircraft lessor BOC Aviation.

The order is for 40 additional units of the 737-8. It is a building block on previous commitments by the lessor that occurred in 2020 for the same aircraft.

Aircraft that BOC has purchased fly with a staggering 80+ airlines featuring in almost 40 countries. Their portfolio features over 600 aircraft.

This latest acquisition announcement will see that grow. It highlights the industry’s rapid recovery and how the 737 MAX series remains a leading option for these carriers.

SEATTLE, Dec. 27, 2022 – BOC Aviation Limited and Boeing [NYSE: BA] announced that the airplane lessor is growing its 737 MAX portfolio with an order for 40 additional 737-8 jets. Shown here, BOC Aviation 737-8. Image credit: Boeing

The Managing director and CEO of BOC Aviation, Robert Martin, said:

“We are pleased to expand our partnership with Boeing and further strengthen our fleet with the 737-8. This aircraft has proven to be a reliable and efficient performer, and we are confident it will continue to be a popular choice for our customers.”

The companies also announced a delivery schedule with the 40 jets being delivered between 2023 and 2025. This is a favourable delivery schedule, with the destination of each plane not specified at this point.

BOC Aviation deal will have likely come with a hefty discount, as typical with any commitment.

Since late 2020 Boeing has welcomed more than 1,500 gross orders for the 737 MAX. It’s been an essential answer to the question many had over whether the MAX would rebound in the industry.

The plane maker still deals with certification problems with the MAX 7 and MAX 10. However, currently flying variants continue to see commitments roll in.

Boeing still awaits certification for its 737-10 and 737-7

The plane has a place in the industry and is still an attractive option.

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