Boeing Gets Aviation Capital Group Order for 20 737 MAX 8s -- Update
18 July 2018 - 1:47AM
Dow Jones News
By Colin Kellaher
Boeing Co. (BA) on Tuesday said Aviation Capital Group ordered
20 737 MAX 8 airplanes, valued at $2.34 billion at list prices.
Boeing said the order, which it announced at the Farnborough
International Air Show in the U.K., brings Aviation Capital's 737
MAX direct-buy order quantity to 100. Aviation Capital is an
aircraft-leasing company majority-owned by Pacific Life Insurance
Co.
Boeing said the order will appear on its orders and deliveries
website once all contingencies have been met.
The Chicago aerospace company earlier Tuesday said it expects
airlines will need 31,360 new single-aisle airplanes, such as the
737 MAX, over the next 20 years.
Separately, CFM International said Aviation Capital has ordered
its LEAP-1B engines to power the new 737 MAX aircraft. CFM, a joint
venture of General Electric Co. (GE) and Safran S.A. (SAF.FR) said
the order is valued at $528 million at list prices.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 17, 2018 11:32 ET (15:32 GMT)
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