Aviation Capital Group (ACG), a California-based subsidiary of Japanese multinational firm Tokyo Century, has increased its Boeing (NYSE:BA) 737 Max orders by 13, bringing the aircraft lessor's total outstanding orders for the model to 47. The latest deal, announced on Tuesday, includes seven 737 Max 8s and six of Boeing’s yet-to-be-certificated 737 Max 10s.
Steven Udvar-Hazy, senior vice president and chief of Aircraft Operations at ACG, expressed satisfaction with the expansion of 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," he said.
According to Boeing, the order reflects "robust demand" for 737s, including for the Max 10, which has seen recent sales successes following a slow start. Christy Reese, Boeing vice president of Global Leasing Commercial Sales & Marketing, commented on ACG's growing and diverse 737 MAX portfolio. She stated that it would allow its customers to operate a more sustainable, efficient fleet.
The manufacturer is currently working towards securing the Federal Aviation Administration’s certification for its Max 10, which is designed to carry between 188-204 passengers in two classes and have a range of up to 3,100 nautical miles. Despite significant delays in its certification timeline, Boeing aims to achieve this milestone in 2024.
Neither Boeing nor Aviation Capital has specified when the newly ordered jets are scheduled for delivery. However, deliveries of the lessor’s other on-order 737s are scheduled to run between 2024 and 2028. According to data from Boeing, the manufacturer now holds unfilled orders for 810 737 Max 10s.
As of today, Aviation Capital's fleet includes 71 Boeing 737s, four Airbus A220s, 116 A320-family jets, two A350s, 11 757s and five 787s.
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