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AviLease Places First Direct Order With Boeing for up to 30 737 MAX Airplanes

Boeing has today announced that Saudia Arabia based AviLease, a global aircraft lessor, has placed their first direct order for Boeing airplanes, with a firm order for 20 737-8 MAX jets, and options for 10 more.


Rendering of Boeing 737-8 MAX in AviLease Livery - Courtesy Boeing
Rendering of Boeing 737-8 MAX in AviLease Livery - Courtesy Boeing

On Tuesday (May 13, 2025), Boeing announced that AviLease, a global aircraft lessor headquartered in Saudi Arabia, has placed their first direct order for Boeing airplanes with a firm order for 10 737-8 MAX airplanes and options for 10 more.  The deal will allow AviLease to scale up their growing portfolio, providing customers with the latest generation, fuel-efficient aircraft, while supporting the company’s ambition to become a top 10 global aircraft lessor.  This order also aligns with the Kingdom of Saudi Arabia’s strategic plan to transform the country into a global aviation hub.

 

In Tuesday’s announcement, AviLease’s CEO, Edward O’Byrne, said,

 

“We are pleased to conclude our first direct Original Equipment Manufacturer (OEM) order, complementing our growth strategy towards being at the top of the industry.  Building on our recently achieved investment grade ratings, this transaction proves our ability to transact across all market channels, including sale and lease-back, secondary trading, M&A and now direct OEM purchasing.  These new aircraft will accelerate our growth and enable us to deliver the industry's latest generation, fuel–efficient fleet solutions.  We extend our gratitude to the Boeing team for the strong long-term relationship we have built.”

 

Also commenting on the new 737-8 MAX order, Boeing’s SVP – Commercial Sales and Marketing, Brad McMullen, added,

 

“We are honored to strengthen our relationship with a key Saudi Arabian commercial aviation partner and expand the global 737 MAX fleet.  The 737 MAX will diversify AviLease’s portfolio by delivering unrivalled fuel efficiency and market-leading versatility.  It’s a powerful combination that will fuel AviLease’s profitable global expansion and support their airline customers’ business and sustainability goals.”


With a large global customer base and low operating costs, the Boeing 737 is a cornerstone of the leasing industry, representing 30 percent of all financed airplanes. 

 

Boeing (NYSE: BA) is a leading supplier of commercial airplanes, defense, space and security systems, as well as global services.  The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP.  Boeing supports government and commercial customers in over 150 countries and employs more than 150,000 team members worldwide.  As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality, and integrity.


 

Source: Boeing

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