Boeing (BA) Just Got A HUGE Order From This Company

Boeing announced on Wednesday that GE Capital Aviation Services (GECAS), the Irish-American commercial aircraft financing and leasing arm of General Electric, has placed an order for 75 737-MAX 8 airliners. This is a huge deal as each aircraft as a list price of $110 million. The deal in total could be worth as much a $8.25 billion for Boeing but with bulk discounts typical for such large orders, the order’s value may be a bit less in the end.

This order has pushed the total number of 737MAX airliners on order from GECAS up to 170 planes.

“Our customers want the latest technology and fuel efficiency, and the CFM International LEAP-1B engines on these aircraft deliver outstanding productivity and reliability in the single-aisle market,” GECAS president and CEO Alec Burger said in a statement.

“We appreciate the confidence GECAS has in the 737 MAX, and look forward to seeing the airplanes placed with carriers all over the world,” Brad McMullen, Boeing Commercial Airplanes’ vice president for North America and Leasing Sales.

Boeing has had 3,419 orders for the 737MAX to date, making it the fastest selling plane in its history.
Disclaimer: We have no position in Boeing Co. (NYSE: BA) and have not been compensated for this article.