Business

July 10, 2012

Boeing, ALAFCO announce commitment for 20 Boeing 737 MAXs

Boeing and Kuwait airplane leasing company ALAFCO announced July 10 a commitment at the 2012 Farnborough Airshow for 20 Boeing 737 MAX 8s valued at $1.9 billion at current list prices.

Boeing looks forward to finalizing the agreement, at which time the order will be posted to the Boeing Orders & Deliveries website.

The signing ceremony was attended by ALAFCO’s chairman and CEO Ahmad Alzabin and Ray Conner, president and CEO of Boeing Commercial Airplanes.

“This is the first commitment for the 737 MAX from the Middle East which is one of the aviation industry’s highest growth regions,” said Conner. “We are proud of the confidence that ALAFCO has placed in the 737 MAX which will deliver unsurpassed fuel efficiency in the single-aisle market as well as improved environmental performance.”

Already a market success, the 737 MAX has accumulated more than 1,000 orders and commitments from 17 customers worldwide since its launch on Aug. 30, 2011. The 737 MAX is the new-engine variant of the world’s best-selling airplane and builds on the strengths of today’s Next-Generation 737. The airplane will be powered by CFM International LEAP-1B engines. Along with the engines, aerodynamic improvements to the tail and the new Advanced Technology winglet, the 737 MAX will reduce fuel burn and CO2 emissions by 13 percent over today’s most fuel-efficient single-aisle airplane, the Next-Generation 737. The 737 MAX will have the lowest operating costs in the single-aisle segment with an eight percent advantage per seat over tomorrow’s competition.

“Today, with rising fuel costs, the 737 MAX will provide operational cost savings to airlines in addition to being more environmentally-friendly due to its latest quiet engine technology,” said Alzabin. “These are the advantages that airlines are looking for in the current competitive and demanding environment.”

ALAFCO had ordered six 737-800s in March 2007 with the last airplane delivered to the leasing company in July 2011.




All of this week's top headlines to your email every Friday.


 
 

 

Raytheon wins $46 million contract for South Korean Global Hawk ground stations

Raytheon has been awarded a contract valued at up to $45.7 million by Northrop Grumman Aerospace Systems for ground segments in support of four Global Hawk unmanned aircraft systems recently purchased by the Republic of Korea. Under this contract, Raytheon will deliver one building-based and one mobile ground segment to locations in South Korea. Work...
 
 

TOW 2A RF missiles successfully fired from helicopter

In the first of its kind launch, Raytheon fired tube-launched, optically-tracked, wireless-guided 2A radio frequency practice missiles from an AH-1W Cobra attack helicopter during a December exercise.  Raytheon, working with the Naval Air Systems Command, fired two TOW 2A RF practice missiles at ranges exceeding 2600 meters. The two tests verified the missile’s capability to...
 
 
NG-growler2

Northrop Grumman delivers center/aft ‘shipset’ for first international EA-18G Growler

Northrop Grumman photograph Northrop Grumman mechanics perform final quality inspections on the center/aft fuselage shipset produced by the company for the first Australian EA-18G Growler. The subassembly will be delivered to B...
 

 

Boeing, ANA finalize order for three 787-10 Dreamliners

Boeing and All Nippon Airways (ANA) today finalized an order for three 787-10 Dreamliners, valued at approximately $900 million at list prices. With this order, originally announced as a commitment in January 2015, ANA becomes Boeing’s newest 787-10 customer and first airline in Asia to operate the entire family of 787 Dreamliners. “We truly appreciate...
 
 

Poland’s MESKO, Raytheon sign second letter of intent

In a move designed to collaborate and share advanced defense technologies, Raytheon’s Missile Systems business signed a Letter of Intent with MESKO, Poland’s leading missile and ammunition manufacturer. Areas of cooperation focus on Raytheon’s solutions for the KRAB howitzer precision fires and new Polish Attack Helicopter, including offset proposals and opportunities for MESK...
 
 

Airbus Group delivers first new UH-72A Lakota for Army initial-entry trainer mission

Airbus Group March 25 delivered to the U.S. Army the first UH-72A Lakota helicopter to come off the Airbus Helicopters Inc. production line configured for the Lakota’s latest mission, as the service’s initial-entry training helicopter. The aircraft will join seven Lakotas previously in the Army inventory that have already been modified to the training configuration...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>