Troubled American planemaker Boeing and lessor Aviation Capital Group (ACG) announced ACG has finalised an order for 35 737 MAX jets, including 16 737-8 and 19 of the larger 737-10 variant. Following an incremental 737 MAX order last year, this new purchase increases ACG’s 737 MAX commitment to 82 orders as ACG grows its portfolio to meet customer demand for fuel-efficient airplanes.
“This firm order for additional 737 MAX aircraft enhances the strategic value of ACG’s order book, supports a key pillar of our growth strategy and reinforces our commitment to invest in modern and fuel-efficient aircraft technology,” said Thomas Baker, CEO and president at ACG. “We look forward to supporting our airline customers throughout the world with these highly versatile and fuel-efficient aircraft.”
“Today’s repeat order demonstrates market demand for the 737 MAX family of airplanes as ACG’s customers seek to operate flexible, fuel-efficient fleets,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “ACG has been a longstanding, valued partner on the 737 MAX program, and we look forward to working together to deliver the latest airplane technology to its airline customers.”
Aviation Capital Group has over 480 owned, managed and committed aircraft as of March 31, 2024, leased to roughly 90 airlines in approximately 45 countries. It specialises in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.
A US judge on Monday (15 July) set a fast schedule to consider the objections of relatives of those killed in two fatal 737 MAX crashes to the Justice Department’s plea deal with Boeing, according to media reports in the US. The planemaker on 7 July agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of US$243.6 million. The federal judge in the US said after the Justice Department files the plea agreement, relatives of those killed will have a week to file objections and then the government and Boeing will have two weeks to respond. The families will then have five days to file a response.
Meanwhile, Boeing said it has “tailored its presence at the 2024 Farnborough International Airshow as the company focuses on strengthening safety and quality and meeting customer commitments, while also highlighting next generation technologies and capabilities”.
“We are concentrated on implementing our comprehensive safety and quality plan and meeting our customer commitments. With these priorities in mind, we have reduced our commercial airplanes display and flight demonstrations at the show, and will focus on new technology, sustainability, security and services solutions,” says Dr. Brendan Nelson, president of Boeing Global. “The best way to build trust is through high-quality performance in our factories, one airplane at a time.”
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