Grafa
Boeing secures 100 aircraft order from SMBC
Image for illustrative purposes only. Not a real photo.

Boeing secures 100 aircraft order from SMBC

Share
  • Boeing (NYSE:BA) received an order from SMBC Aviation Capital for 100 737 MAX airplanes.
  • The Boeing share price was trading down at $215.95 following the commercial aviation announcement.
  • The manufacturer stated the 737-10 variant offers favorable per-seat economics and increased passenger capacity.

Boeing (NYSE:BA) announced that SMBC Aviation Capital ordered 100 737 MAX airplanes to expand its commercial leasing portfolio.

The purchase agreement comprises 60 737-10 jets and 40 737-8 aircraft ordered during the Farnborough aviation event.

This transaction represents the first 737-10 order for the lessor and the largest purchase of the variant by a leasing company.

The manufacturer stated the 737-10 jet features a 3,100-nautical-mile range and a capacity of up to 230 passengers.

Following the announcement, Boeing's share price was down at $215.95.

This agreement lifts the total owned, managed, and committed 737 MAX portfolio for SMBC Aviation Capital to 450 jets.

Aircraft lessors have now ordered more than 1,450 737 MAX jets, representing approximately 20% of the overall program backlog.

Frequently asked questions

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.