International lessor places first 737 MAX order since 2017, citing confidence in long-term demand for the fuel-efficient 737-8

LE BOURGET, France, June 21, 2023 — Boeing and Avolon, the international aircraft leasing company, today announced an order for 40 737 MAX airplanes at the Paris Air Show.

“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,” said Andy Cronin, CEO, Avolon. “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.”

The 737 MAX will provide Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by 20% compared to the airplanes they replace. On average each airplane will save up to 8 million pounds of CO₂ annually compared to airplanes it replaces.

“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,” said Stan Deal, president and CEO, Boeing Commercial Airplanes. “Avolon has a long-standing relationship with the 737 MAX program and took delivery of the 1,000^th 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.”

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