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Aircraft Lessor Avolon Places Order for 40 Boeing 737-8 MAX Airplanes

International aircraft lessor Avolon has today confirmed an order for 40 Boeing 737-8 MAX jets, their first MAX order since 2017. The order was previously listed as unidentified on the Boeing Orders & Deliveries website.


Boeing 737-8 MAX Rendered in Avolon Livery - Courtesy Boeing

On Tuesday (June 20, 2023), from the Paris Air Show, Boeing announced that international aircraft lessor Avolon has ordered 40 Boeing 737-8 MAX airplanes, their first MAX order since 2017. The aircraft will provide Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by 20 percent compared to the airplanes they replace. On average, each airplane will save up to 8.0 million pounds of CO2 annually versus previous generation jets. The order was previously listed as unidentified on the Boeing Orders & Deliveries website.


In Tuesday’s announcement, Avolon’s CEO, Andy Cronin, said,


“Today’s announcement reaffirms our long-standing partnership with Boeing and our support for their 737 MAX program. We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030. The transitioning of the global fleet to more fuel-efficient new-technology aircraft is a priority for our industry, and we are looking to play a leading role by supporting airlines achieving their sustainability objectives.”


Also commenting on the 737-8 order, Boeing Commercial Airplanes’ President and CEO, Stan Deal, added,

“This order demonstrates the popularity of the 737-8 among the leasing community and the demand they are seeing from their customers for this airplane model. Avolon has a long-standing relationship with the 737 MAX program and took delivery of the 1,000th 737 MAX last year. We look forward to building on this strong relationship with a key leasing partner as they grow their Boeing portfolio of airplanes.”


Depending on configuration, the Boeing 737-8 MAX can accommodate from 162 to 210 passengers, and has a range of 3,500 nautical miles (6,842 km). The 737-8 is one of the market’s most versatile single-aisle airplanes, and is capable of operating profitably on short and medium-haul routes.


Headquartered in Ireland, Avolon is a major international provider of aircraft leasing and lease management services. The company also has offices in the U.S., Dubai, Hong Kong and Singapore. Avolon is 70 percent owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange, and 30 percent owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation.



Source(s): Boeing, Avolon

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