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Boeing and Aviation Capital Announce Order for 12 737-8 MAX Jets

Aircraft lessor Aviation Capital Group has today ordered 12 additional Boeing 737-8 MAX airplanes. ACG is increasing their 737-8 offering to meet airline demand for modern, fuel-efficient and sustainable operations.

Boeing 737-8 MAX Rendered in Aviation Capital Group Livery - Courtesy Boeing

On Tuesday (July 19, 2022), from the 2022 Farnborough International Airshow, Boeing announced that aircraft lessor Aviation Capital Group LLC (ACG) has placed an additional order for 12 Boeing 737-8 MAX jets. As the market recovers, ACG is expanding their 737-8 offering to meet airline demand for modern, fuel-efficient and sustainable operations. The order was previously booked as unidentified on Boeing’s Orders and Deliveries website. The new order expands ACG’s MAX orderbook to 34 airplanes, building on the company’s order for nine 737-8s in May 2022.

In Tuesday’s announcment, ACG’s Executive Chair, Mahoko Hara, said,

"These additional 737 MAX aircraft will help position ACG's order book for a recovery in air traffic coming out of the pandemic."

Boeing’s SVP – Commercial Sales and Marketing, Ihssane Mounir, added,

“The 737 MAX family strengthens ACG's narrowbody portfolio, providing operators with excellent fuel efficiency and flexibility across different networks. Topping up with additional 737-8s positions ACG well to respond to growing airline demand. We look forward to more opportunities to expand our relationship to support ACG and their customers.”

Boeing continues to see strong global demand for 737 MAX Family airplanes and has received over 1,000 new gross orders since late 2020. The 737 MAX range of jets has been designed to offer more fuel efficiency, reliability and flexibility in the single-aisle market. The capable airplane has a range of 3,550 nautical miles, about 600 miles more than its predecessor, allowing operators to offer new and more direct routes. The 737 MAX also delivers a 20 percent improvement in fuel efficiency and reduced C02 emissions.

Founded in 1989, Aviation Capital Group (ACG) is one of the world’s premier full-service aircraft asset managers. As of March 31, 2022, ACG had a fleet of over 450 owned, managed and committed aircraft, which are leased to approximately 85 airlines in around 45 countries. ACG is a wholly-owned subsidiary of Tokyo Century Corporation.

Boeing (NYSE: BA) is the world’s largest aerospace company and 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 160,000 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 / PRNewswire


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