Boeing, Avolon announce $2B aircraft deal


Boeing (BA +1%) and Avolon (Pending:AVOL), an Irish plane leasing company, have announced the latter's commitment to purchase six 787-9 Dreamliners and five 737 MAXs. The deal is valued at more than $2B and increases Avolon's 737 MAX portfolio to 20 airplanes.

"Our investment strategy is focused on building a portfolio of young, modern and fuel-efficient commercial aircraft. This order for six Boeing 787-9 aircraft, when combined with our ongoing sale and leaseback investments in the 787 family, reflects our commitment to our customers to have a product offering built around the latest and most technically advanced aircraft available in the market," says Avolon CEO Domhnal Slattery. (PR)

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  • alexscagileri
    , contributor
    Comments (1148) | Send Message
     
    Boeing is rolling...avoid GE until the company is broken up.
    14 Jul 2014, 05:58 PM Reply Like
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