Boeing seals huge aircraft order

SMBC Aviation Capital has ordered 80 Boeing 737 MAX 8s
SMBC Aviation Capital has ordered 80 Boeing 737 MAX 8s

Boeing has sealed a major order for 80 new passenger jets.

Aircraft leasing company SMBC Aviation Capital has committed to purchasing 80 new Boeing 737 MAX 8 aircraft, worth more than US$8 billion at current list prices. The deal was signed in Tokyo.

“It is 10 years since our business placed its first order with Boeing and we have enjoyed a decade of successful partnership since then,” said Peter Barrett, CEO of SMBC Aviation Capital. “The 737 MAX 8 is one of the most fuel-efficient and versatile aircraft available and today’s announcement shows our ongoing commitment to the new generation of the popular 737 family.

“Following this order and given the clear commitment of our shareholders and the strength of the global aircraft leasing sector, we remain very confident in our ability to continue to deliver long-term growth.”

According to Boeing’s most recent forecast, the world’s airlines will need more than 25,600 single-aisle aircraft like the B737 MAX over the next 20 years.

SMBC Aviation Capital now has a portfolio of 180 Boeing aircraft, which it leases to 95 airlines in more than 40 countries.

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