This morning we announced that GECAS finalized an order for 75 of our 737 MAX 8s. The order continues the momentum the 737 MAX has established in the leasing industry. Since the Farnborough Airshow, leading lessors like ALC, Avolon and now GECAS all have finalized orders for the MAX— helping reinforce the importance of this airplane in the leasing industry.
The 737 MAX in GECAS livery.
The leasing industry has been an early adopter for the MAX. The airplane represents several value propositions that make it attractive. The single-source engine offers commonality among the MAX fleet making it easier for lessors to shift the airplane between operators. The MAX will also retain similar maintenance and operation as the Next-Generation 737, building on the already historical high lease rate advantage of the 737 family. Additionally, the 737 MAX’s fuel efficiency provides more value in higher lease rates.
Combine all that with the huge market demand for more than 23,000 single-aisle airplanes over the next 20 years, and it’s no surprise that leasing companies are lining up for an early delivery position for this new airplane.