Boeing wins plane orders from US leasing groups

Boeing wins plane orders from US leasing groups
General view of the Boeing chalet at the Farnborough air show in Hampshire, England, on July 15, 2014. The biennial event sees leading companies from the aviation industry showcase their latest technology.

FARNBOROUGH, United Kingdom - US aircraft maker Boeing said on Tuesday that it had won a number of orders for its passenger planes from American leasing companies potentially worth a total of about $10.0 billion (S$12.4 billion).

Air Lease Corporation has ordered 26 Boeing jets in a deal valued at $3.9 billion (2.9 billion euros), the companies announced on the second day of the Farnborough airshow near London.

Air Lease is buying six long-haul 777-300ER jets and has confirmed an order for 20 single-aisle 737 MAX 8 planes.

"Additional 777-300ER and 737 MAX airplanes in our portfolio provide the economics and passenger-pleasing experiences our airline customers require," said Air Lease chief executive Steven Udvar-Hazy.

"The 777 has maintained a broad customer base and will continue to do so well into the future. The 737 MAX represents game changing efficiencies and improvements for the environment in the single-aisle market," he added.

Boeing added that US lessor CIT had ordered 10 787-9 Dreamliners, valued at $2.5 billion at current list prices.

"These aircraft will add to our growing fleet of fuel efficient aircraft that remain in high demand from our airline customers, who also seek state-of-the-art aircraft that provide increased comfort and convenience for the travelling public," said Jeff Knittel, president of CIT Transportation & International Finance.

Intrepid Aviation meanwhile ordered six 777-300ERs and has an option to buy four more in a deal totalling about $3.2 billion, Boeing said on Tuesday.

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