General Electric’s commercial aircraft leasing and financing arm, GE Capital Aviation Services (GECAS), has ordered 75 new 737 MAX 8 aircraft from Boeing.
The order, valued at $8.25 billion, increases the GECAS firm order book for the 737 MAX to 170 airplanes, the largest of any aircraft leasing company.
“These new orders will enable GECAS to serve our clients’ needs — assisting in managing their fleets, transitioning aircraft and providing new equipment,” said Alec Burger, President and Chief Executive Officer of GECAS.
“Our customers want the latest technology and fuel efficiency, and the CFM International LEAP-1B engines on these aircraft deliver outstanding productivity and reliability in the single-aisle market.”
Brad McMullen, vice president of North America and Leasing Sales, Boeing Commercial Airplanes, said the order showed that the MAX 8 remains at the heart of the single-aisle market when it comes to demand.
“We appreciate the confidence GECAS has in the 737 MAX, and look forward to seeing the airplanes placed with carriers all over the world,” Mr McMullen concluded.