AerCap orders 100 Boeing 737MAX worth over $10 bn

16th June 2015, Comments 0 comments

US manufacturer Boeing announced the sale of 100 737MAX-8 planes for $10.7 billion (9.5 billion euros) on Tuesday as it struck back in the sales war with Airbus on the second day of the Paris Air Show.

Dutch rental company AerCap ordered 100 of Boeing's upcoming 737MAX-8 plane, which promises greater fuel efficiency and is due for its first test flight next year.

It was the first order of the new aircraft by AerCap, which has a fleet of more than 1,800 planes.

Boeing followed up with confirmed orders for 10 737MAX planes by Japanese banking group Sumitomo Mitsui Financial Group and two 737s by Indonesia's Sriwijaya Air, which also signed a letter of intention for 20 more.

That took Boeing's confirmed deals at the air show to $16.7 billion, edging ahead of European rival Airbus which has so far announced $15.3 billion in firm orders.

Boeing also said Tuesday that it had received an order for 30 737MAXs from China's low-cost Ruili Airlines which must still be approved by the Chinese government -- potentially worth $3.2 billion.

It was a much quieter day for Airbus, which announced orders for three A320s to Japan's Peach Aviation for around $290 million.

Staying on the fence, Korean Air signed letters of intention with both the big manufacturers to acquire 30 A321neos from Airbus and 30 737MAXs from Boeing.

Discussing the deal to buy the 737MAX-8s, AerCap boss Aengus Kelly said: "It is the plane of the future, the technology is fantastic."

Ray Conner of Boeing's commercial arm said it had taken a while to seal the deal.

"It's a really important contract for us," he said.

Boeing says the 737 MAX, which is due to enter service in 2017, will be 14 percent more fuel-efficient than the most efficient 737s available today.

Assembly of the wings on its first 737MAX began last month at its factory in the United States.

It already has more than 2,800 pre-orders for the short- to mid-range plane, the latest version of the 737 model that first took to the skies in the 1960s.

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© 2015 AFP

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