Leasing Agent Adds More 737s

Boeing and Aviation Capital Group (ACG) announced Tuesday the leasing company has placed an order for 15 additional Next-Generation 737s. The order, worth approximately $934 million at list prices, was recently posted to the Boeing Orders and Deliveries Web site attributed to an unidentified customer.

"We continue to commit to one of the most popular aircraft in the world as we expand our fleet for our customers worldwide," said R. Stephen Hannahs, group managing director and chief executive officer of ACG. "This order continues ACG's strategy of providing the latest-technology aircraft to our customers in nearly 50 countries."

With Tuesday's announcement, ACG has a total of 64 Boeing airplanes on order -- 59 Next-Generation 737s and five 787 Dreamliners. This includes 15 Next-Generation 737s for which ACG acquired delivery positions from Delta Air Lines last year.

ACG's current fleet contains 141 Boeing aircraft, which includes Next-Generation 737s, 737 Classics, 757s and 767s.

"Aviation Capital Group continues to be a strong Boeing partner and a leading lessor of Next-Generation 737s," said John Feren, vice president of Sales - Leasing and Asset Management, Boeing Commercial Airplanes. "High reliability, low operating costs and efficient design create value for the Next-Generation 737 and drive its popularity among leading airlines around the world."

Boeing says the Next-Generation 737 family is the most technologically-advanced airplane family in the single-aisle market. The Next-Generation 737's market success is confirmed by air finance investors, who consistently rank it as the most preferred airplane due to its wide market base, superior efficiency and lowest operating costs in its class.

To date, 107 customers have placed orders for more than 4,000 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 1,700 airplanes, worth over $120 billion at list prices.

FMI: www.boeing.com, www.aviationcapital.com