Boeing Landed the First big Deal of 2012 Farnborough Airshow

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The order is a big win for the Chicago-based company; they received a firm order from Air Lease Corp. for 75 of its redesigned 737 aircraft worth $7.2 billion.

Los Angeles-based Air Lease, which buys planes and leases them to airlines, also has the right to purchase a further 25 planes. The order will take several years to deliver. ALC has ordered a total of 170 airplanes from Boeing. Although the order has a list price of $7.2 billion, purchasers rarely pay the full price for an order of this size.

“The 737 Max is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s,” said Steven Udvar-Hazy, chairman and CEO of Air Lease. “The 737 Max represents a step-change improvement that our airline clients need to compete in the future.”

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