Wed, Mar 23, 2005
20 Orders Firm, 20 Pending
Singapore Aircraft Leasing
Enterprise (SALE) Tuesday announced it will purchase up to 40
Next-Generation 737 aircraft from Boeing. The deal covers 20 firm
orders and 20 purchase rights, with deliveries of the aircraft
scheduled between the fourth quarter of 2006 and the end of
2009.
SALE has specified the 737-800 as the baseline aircraft for its
order. Under the terms of its agreement with Boeing, SALE has the
flexibility to convert orders and purchase rights to the smaller
737-700 or proposed higher capacity 737-900X. As with all
Next-Generation 737 aircraft, SALE's new Boeing fleet will be
powered by engines from CFM International.
The deal represents SALE’s first direct order with Boeing
for the Next-Generation 737 product line, although the company has
previously acquired eight aircraft from airlines on a purchase and
leaseback basis.
Robert Martin, SALE Managing Director and Chief Executive
Officer, said that the order reflected the strong recovery in
demand for leased aircraft and represented a logical further
diversification of the company’s portfolio.
"With over 100 airline operators, the Next-Generation 737 series
is a popular choice with carriers from all geographic regions and
every segment of the industry. The addition of the aircraft to our
portfolio will therefore enable SALE to reach a wider range of
airline customers and significantly develop our global
business."
"Singapore Aircraft Leasing Enterprise is a world-class lessor,
and this is a great testimony to the appeal of the Next-Generation
737. SALE recognizes the value of the 737, a favorite among both
full-service and low cost carriers, and a proven profit generator
that provides operators with superior operating economics and
passenger appeal," said Scott Carson, Boeing Commercial Airplanes
Vice President, Sales.
In addition to the aircraft being ordered from Boeing, SALE has
outstanding firm orders with Airbus for 11 A320s, due for delivery
between now and the end of the second quarter of 2006.
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