Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Lessor BOC Aviation orders 40 Boeing 737 MAX planes

Published 12/27/2022, 07:20 PM
Updated 12/27/2022, 07:35 PM
© Reuters. FILE PHOTO: A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.  REUTERS/Peter Cziborra/File Photo
BA
-
EADSY
-

(Reuters) - Aircraft lessor BOC Aviation Ltd said on Wednesday it had ordered 40 Boeing (NYSE:BA) Co 737 MAX planes to be delivered in 2027 and 2028, in a year-end boost to the U.S. manufacturer's order book.

The Singapore-based lessor said it also amended its existing purchase agreement with Boeing as part of the deal, resulting in it having 80 737 MAX jets on order in total, to be delivered from 2023 to 2028.

© Reuters. FILE PHOTO: A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.  REUTERS/Peter Cziborra/File Photo

Boeing's total aircraft orders net of cancellations for the year reached 571 in the 11 months ended November, while rival Airbus SE (OTC:EADSY) reported 825 net orders in the same period.

Both manufacturers are expected to receive large orders soon from Air India, which is negotiating a major fleet renewal and expansion under new owner Tata Group that industry sources said could involve nearly 500 aircraft.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.