Seattle, WA | January 4, 2017–

Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today an order for 75 737 MAX 8 airplanes.

The order, booked in December, is valued at $8.25 billion at current list prices. The follow-on order increases the GECAS firm order book for the 737 MAX to 170 airplanes, the largest of any aircraft leasing company.

“These new orders will enable GECAS to serve our clients’ needs — assisting in managing their fleets, transitioning aircraft and providing new equipment,” said Alec Burger, President and Chief Executive Officer, GECAS. “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.”

“When it comes to demand, this order shows the MAX 8 remains at the heart of the single-aisle market,” said Brad McMullen, vice president, North America and Leasing Sales, Boeing Commercial Airplanes. “We appreciate the confidence GECAS has in the 737 MAX, and look forward to seeing the airplanes placed with carriers all over the world.”

To date, the 737 MAX has accumulated 3,419 orders, making it the fastest-selling airplane in Boeing history.

Airbus’ fuel-efficient A320neo continues to conquer the market
Paris Air Show, Le Bourget, France | June 15, 2015– GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of General Electric [NYSE: GE] has announced a firm order for 60 A320neo Family aircraft including the A321neo at the 51st International Paris Air Show. GECAS has selected CFM’s LEAP-X engine for all 60 A320neo aircraft.

The deal was jointly announced today by Norman C.T. Liu, President and CEO of GECAS and John Leahy, Airbus Chief Operating Officer, Customers. This new order brings the total number of A320 Family aircraft ordered by GECAS to 465, including 120 A320neo aircraft.

“The A320neo Family is the ideal solution for our customers who are seeking a product which offers them both attractive operating economics and reliable technology,” said Norman C.T. Liu, President and CEO of GECAS. “We see this fuel-efficient aircraft as a mainstay in our single-aisle portfolio for the years to come.”

“GECAS’ order for more of our best-selling A320neo aircraft, underscores the continuing strong market demand for these innovative, fuel-efficient and productive aircraft. These undisputed credentials make the A320neo an irresistible investment for leasing companies like GECAS who are committed to offering their customers products which deliver a solid return on investment,” said John Leahy, Airbus Chief Operating Officer Customers. “The unmatched, low operating costs and proven high dispatch reliability of the A320 Family make it a strong asset in GECAS’ portfolio.”

– Japan’s first airline to choose the advantages of the 737 MAX

Le Bourget, France | June 17, 2013– Boeing [NYSE: BA] and Tokyo-based Skymark Airlines (Skymark) today announced the airline’s intent to select the Boeing 737 MAX as its next generation single aisle aircraft of choice, making it Japan’s first airline to do so. The announcement came on the first day of the 2013 Paris Air Show. Boeing will work closely with Skymark to finalize a firm order in the coming months.

“We are delighted to deepen our partnership with Boeing and work together on the renewal of our single-aisle fleet,” said Shinichi Nishikubo, president and CEO of Skymark Airlines. “The Next-Generation 737 has been a key driver of our successful growth, and we are sure that the 737 MAX will provide us with even greater efficiency and competitive edge as we move into the next stage of expansion.”

Based at its Haneda Airport hub in Tokyo, Skymark Airlines currently operates a fleet of 30 Next-Generation 737-800s on a lease from GE Capital Aviation Services (GECAS) and other lessors.

“Skymark is a pioneer in Japan’s commercial aviation market as they continue to introduce new and innovative airplanes,” said John Wojick, Senior Vice President of Sales for Boeing Commercial Airplanes. “Under Mr. Nishikubo’s leadership, Skymark became the first airline in Japan to bring the innovative Boeing Sky Interior to the travelling public onboard its fleet of Next Generation 737-800 airplanes. And now Skymark is poised to become Japan’s first airline to enjoy the superior economic performance and environmental advantages of the 737 MAX.”

The 737 MAX builds on the strengths of the world’s best-selling Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 13 percent fuel-use improvement over today’s most fuel-efficient single-aisle airplanes.