- Aircraft leasing company, Avolon has entered into a commitment to order 40 of Boeing Co’s BA 737 MAX aircraft. The deal is valued at over $4 billion at current list price.
- The aircrafts are scheduled for delivery between 2027 and 2030.
- Avolon delivered the first 737 MAX in 2017, along with the one thousandth 737 MAX earlier this year.
- The commitment will increase the overall size of Avolon’s owned, managed and committed fleet to 870 aircraft.
- Also Read: Why Boeing Shares Are Flying Higher Today
- The transaction is subject to approval by shareholders of Bohai Leasing Co., Ltd., Avolon’s 70% shareholder, which is anticipated before the end of May.
- Price Action: BA shares closed higher by 0.53% at $203.26 on Wednesday.
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