Air Lease has announced that it has ordered 14 737-800 single-aisle jets, along with five 777-300 Extended Range wide-body aircraft, from Boeing in a deal worth $2.5 billion. Air Lease also has the option to buy four additional 737s. "This order for Next-Generation 737-800s and 777-300ERs is a key building block in the foundation of our growing commercial leasing fleet," said Air Lease CEO Steven F. Udvar-Hazy. "With this order, we'll be able to offer our clients a most economical, fuel-efficient and versatile airplane, suitable for a variety of profitable missions."

Related Summaries