Will Be Added To Global Leasing Portfolio Of 110 Aircraft

Boeing and Standard Chartered Bank have announced an order for 10 Next-Generation 737-800s. The order, valued at $960 million at current list prices, was attributed to an unidentified customer on the Boeing Orders & Deliveries website. 

"We are excited about adding these new Boeing aircraft to our fleet," said Kieran Corr, Head of Aviation Finance at Standard Chartered, speaking at the 2016 Farnborough International Airshow. "Our current portfolio consists of over 110 aircraft on operating lease to airline clients globally. We are committed to continuing to grow and diversify our client base over the next couple of years.

We are investing to leverage our global and leasing capabilities to demonstrate our commitment to key clients by providing aircraft on operating lease to meet increasing air traffic demand across some of the world's fastest growing regions. With deliveries through 2018, these new Boeing Next-Generation 737-800s will help us meet near-term client demand and expand our client base in our core markets, such as North East Asia."

With an average age of less than five years, Standard Chartered's fleet comprises some of the most modern and fuel efficient aircraft in the market. "Our key markets are Asia, Africa and the Middle East, with a focus on emerging markets," added Corr. "We want to help the aviation sector grow in those markets to drive regional trade and investment and we can only do that with an expanded diversified fleet."

"We're proud that Standard Chartered has chosen the Next-Generation 737 to grow its Aviation Finance business," said Boeing Commercial Airplanes President and CEO Ray Conner. "They've had great success in the past with 717s and 737 Classics, and we're pleased to welcome them back to Boeing."

(Image provided with Boeing news release)

FMI: www.boeing.com