Tuesday, July 15, 2014

Leasing companies buy 22 Boeing widebodies

Boeing has sold a total of 22 widebody airliners to three aircraft lease companies. The contracts were announced at the Farnborough Air Show.

The US aircraft manufacturer sold six 777-300ER (Extended Range) to Air Lease Corporation. The 777-300ER order marks the 100th 777 order from ALC Chairman and CEO Steven Udvar-Hazy during his career in the industry. Air Lease Corporation also ordered 20 737 MAX 8 narrowbodies.

Another leasing company, Intrepid Aviation, signed its first direct Boeing order for six 777-300ERs. Intrepid also took the option to purchase an additional four 777s. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787 and 777.

The CIT Group Inc., a global leader in transportation finance, announced that CIT Aerospace has placed an order for ten 787-9 Dreamliners. The order brings the leasing company's total 787 orders to 20, including 16 787-9s.

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