Irish leasing specialist Avolon has announced it has committed to a further 40 Boeing 737 Max aircraft with a value of over $4 bn at list price.
Avolon has been a max customer since 2017 and the new commitment will bring the total number of aircraft on Avolon’s books to 870.
Andy Cronin, CEO of Avolon, said: “This commitment with Boeing underlines our confidence in the positive momentum in the aviation market, and increases our portfolio of young, modern, fuel-efficient aircraft. With strong demand for our new technology orderbook, and delivery slots at a premium, it strengthens and extends our delivery profile with Boeing.
“This commitment will also support our airline customers who are looking to plan beyond the robust post-Covid traffic recovery and prepare for future growth, while also reducing their carbon emissions.”
Subject to ratification from Avolon’s shareholders, the new aircraft will be delivered between 2027 and and 2030.