Business

July 10, 2012

Boeing, GECAS announce commitment for 100 737s

Pictured is an image of the 737 MAX 8 in GECAS livery. Boeing announced July 10 at the Farnborough International Airshow a commitment by GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s. The commitment builds on the momentum in the market for the 737 MAX.

Boeing announced July 10 at the Farnborough International Airshow a commitment by GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s.

The commitment builds on the momentum for the 737 MAX.

Boeing looks forward to working with GECAS to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.

“GECAS is a leader in the airplane leasing and financing industry with a successful track record of placing 737 with airlines worldwide,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The GECAS leadership team understands the importance of having advanced, fuel-efficient airplanes to meet their customers’ needs. This commitment confirms the value of the 737 MAX in today’s competitive marketplace.”

The 737 MAX is a new-engine variant of the world’s best-selling airplane and builds on the strengths of today’s Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in single-aisle aircraft.

“The 737 MAX is a perfect complement to our airplane portfolio,” said Norman C.T. Liu, President and CEO of GECAS. “These new Next-Generation 737 and 737 MAX airplanes will continue our long-standing strategy of providing our customers the most fuel efficient, most capable airplanes with the lowest operating costs.”

Airlines operating the 737 MAX will see a 13 percent fuel burn improvement over today’s most fuel efficient single-aisle airplanes and an eight percent operating cost per seat advantage over tomorrow’s competition.

To date, the 737 MAX has orders and commitments for more than 1,000 airplanes and the Next-Generation 737 family has won orders for more than 6,600 airplanes.

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,710 owned and serviced aircraft with approximately 235 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world.




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


 
 

 
LM-facility

Lockheed Martin opens Surface Navy Innovation Center

Lockheed Martin has opened the Surface Navy Innovation Center in Moorestown, N.J., to support the development of new technologies for the U.S. Navy. The SNIC is a research, development and demonstration facility that brings tog...
 
 
raytheon-test

Raytheon successfully demonstrates integrated electronic warfare capabilities

EL SEGUNDO, Calif. –┬áRaytheon, in collaboration with the U.S. Navy, successfully demonstrated an end to end, first of its kind, integrated electronic attack system during flight tests at the Naval Air Weapons Station Chi...
 
 
kmax

K-MAX Helicopter, Indago Quad Rotor demonstrate firefighting capability

https://www.youtube.com/watch?feature=player_embedded&v=53cBlCfLpZg A team of Lockheed Martin and Kaman unmanned aircraft successfully demonstrated its ability to aid in firefighting operations. During the demonstration, t...
 

 
boeing-787

Boeing ecoDemonstrator 787 tests innovations for more efficient air travel

The Boeing ecoDemonstrator 787 has begun flight testing more than 25 new technologies aimed at improving aviation’s environmental performance through every phase of flight. The Boeing ecoDemonstrator Program accelerates t...
 
 

Northrop Grumman to upgrade U.S. Air Force, Marine Corps LITENING advanced targeting systems

Northrop Grumman has received an award of $116 million to upgrade AN/AAQ-28(V) LITENING Advanced Targeting Systems for the United States military. Under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps. This award will bring...
 
 

GA-ASI advances sense, avoid capability with two new test flights

General Atomics Aeronautical Systems, Inc. Nov. 20 announced two key technological advances related to its ongoing Sense and Avoid system development efforts. GAASI is a leading manufacturer of Remotely Piloted Aircraft systems, radars, and electro-optic and related mission systems solutions. In collaboration with the Federal Aviation Administration and Honeywell, GA-ASI tested a proof-of-conc...
 




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>