Aviation Capital Group has finalized a deal with Boeing for 13 more 737 MAX jets, thus bringing the lessor’s order for the aircraft to 47.
The agreement was announced on September 5, 2023, with Boeing confirming the order was configured of seven 737-8 and six 737-10 jets.
As of June 30, 2023, Aviation Capital Group has a portfolio of over 480 aircraft including Boeing and Airbus planes, and leases to around 90 airlines in approximately 45 countries.
“We are pleased to expand ACG’s commitment to the 737 MAX program. This additional order will allow ACG to offer highly fuel efficient and versatile aircraft to our airline customers worldwide,” Steven Udvar-Hazy, senior vice president and chief of Aircraft Operations at ACG, said.
According to Boeing, lessors have ordered more than 1,300 737 MAX jets due to the plane’s “enhanced efficiency and route flexibility for short- and medium-haul air travel”.
The 737-8 can carry up to 210 passengers based on configuration with a range of 3,500 nautical miles, while the 737-10, the largest 737 MAX model, seats up to 230 passengers with a range of 3,100 nautical miles.
Boeing claims both variants reduce fuel use and carbon emissions by 20% compared to the airplanes they replace.
“ACG’s growing and diverse 737 MAX portfolio allows its customers to operate a more sustainable, efficient fleet. We look forward to helping ACG deliver the most fuel-efficient airplanes in the industry to its airline partners,” Christy Reese, Boeing vice president of Global Leasing Commercial Sales & Marketing at Boeing Commercial Airplanes, said.
Aviation Capital Group was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.