Global leasing giant Avolon said on Thursday it had committed to ordering 40 Boeing 737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the U.S. planemaker as it grapples with fresh delivery issues.
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoNew order to increase lessor's fleet to 870 aircraftMajority of Avolon's commitments with rival Airbus
737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the U.S. planemaker as it grapples with fresh delivery issues. "Boeing are obviously working through their issues which are well documented. We at our core have confidence in the fundamentals of the program and Boeing's capability to deliver these aircraft," Chief Executive Andy Cronin told Reuters in an interview.
Cronin confirmed that Avolon understood that Airbus had contacted a "wide number of customers" about impacts to production schedules for next year.He said the industry-wide supply chain issues had eased over the past two to three quarters.
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