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AviLease Places First Direct Boeing Order for up to 30 737 MAX Jets
BoeingBoeing(US:BA) Prnewswireยท2025-05-13 14:35

Core Insights - AviLease has placed its first direct order for Boeing airplanes, securing a firm purchase of 20 737-8 jets with options for 10 more, enhancing its aircraft portfolio [1][2] - The deal aligns with Saudi Arabia's strategic plan to become a global aviation hub, aiming to serve 330 million passengers and attract 150 million visitors annually by 2030 [2] - The Boeing 737 MAX is expected to provide AviLease with fuel efficiency and versatility, supporting its global expansion and sustainability goals [3] Company Developments - AviLease's CEO, Edward O'Byrne, emphasized the importance of this order in complementing the company's growth strategy and achieving investment grade ratings [2] - The transaction demonstrates AviLease's capability to engage in various market channels, including sale and lease-back, secondary trading, M&A, and direct OEM purchasing [2] Industry Context - The Boeing 737 represents approximately 30% of all financed airplanes, highlighting its significance in the leasing industry [3] - The partnership between Boeing and AviLease is expected to strengthen the global 737 MAX fleet and support the airline customers' business objectives [3]