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Avolon Intends to Place New Order for 40 Boeing 737 MAX Jets

Boeing announced on Tuesday that the Ireland-based lessor Avolon intends to purchase 40 more 737-8 airplanes to expand the lessor’s 737 MAX portfolio to more than 110 jets.

The order is subject to shareholder approval by Bohai Leasing Co., Ltd., Avolon’s main shareholder, and will be posted to Boeing’s Orders and Deliveries website when finalized.

Avolon ordered 40 737-8s in June.

“Today’s order reflects our continuing optimism in the outlook for the aviation sector and strengthens our ability to meet customer needs in delivery slots out to 2030 when the availability of aircraft is very limited,” said Avolon CEO Andy Cronin.

“With long-term travel demand expected to remain strong, we are ready to support lessors looking to increase their single-aisle portfolios with fuel-efficient jets capable of operating across various route networks,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.