Boeing (NYSE: BA) and Aviation Capital Services LLC, a subsidiary of the State Corporation Russian Technologies (Rostech) announced today a commitment by Rostech to purchase 35 737 MAX airplanes. It is the first commitment for the 737 MAX from Russia and the Commonwealth of Independent States (CIS). Boeing and Aviation Capital Services will work to finalize the details of the order, valued at more than $3 billion at current list prices. When complete, the order will be posted to the Boeing Orders & Deliveries website as firm.
"Today Aviation Capital Services signed a commitment for 35 737 MAX that will make it the first customer of the 737 MAX aircraft in Eastern Europe. As a result, our partner airline-carriers will receive the most modern aircraft with improved fuel efficiency, flight characteristics and greater comfort for passengers," said Sergey Chemezov, CEO of Rostech. "Russian airlines will gain an advantage on global markets and will be able to increase their activity both within the country and internationally."
"This is the first commitment for the 737 MAX from Russia and CIS, which is one of the commercial aviation industry's fastest-growing regions," said Boeing Commercial Airplanes President and CEO Ray Conner. "We are proud of the confidence that Aviation Capital Services has placed in the 737 MAX, which will deliver unsurpassed fuel efficiency to its customers in the single-aisle market as well as improved environmental performance."
The 737 MAX is a new-engine variant of the world's best-selling airplane and builds on the strengths of today's 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 and an 8 percent operating cost per seat advantage over tomorrow's competition. Boeing has 858 orders for the 737 MAX.
Source: The Boeing Company (NYSE: BA)
Date: Oct 30, 2012