Boeing Inks Record Deal for 737 Max 8s

 - November 10, 2014, 11:00 AM
SMBC Aviation Capital has just added 80 Boeing 737 Max 8s to its portfolio. (Image: Boeing)

Boeing posted its largest single order for 737 Max narrowbodies from a leasing company Monday after collecting a firm order for eighty 737 Max 8s from SMBC Aviation Capital worth more than $8.5 billion at list prices, the airframer announced. With the agreement SMBC becomes the 50th 737 Max customer and increases the program’s orderbook to more than 2,400 airplanes.

“It is ten years since our business placed its first order with Boeing and we have enjoyed a decade of successful partnership since then,” said SMBC Aviation Capital CEO Peter Barrett. Headquartered in Dublin with offices in Tokyo, SMBC counts 180 Boeing airplanes in its portfolio and 95 airline customers in more than 40 countries.

“This order is another example of our history of partnership with SMBC Aviation Capital and Japan,” said Boeing Commercial Airplanes president and CEO Ray Conner. “Today's announcement from a top leasing company is a vote of confidence in our 737 MAX and helps SMBC Aviation Capital capture the strong demand in the single-aisle market.”

Boeing forecasts that airlines will need more than 25,600 single-aisle airplanes in the category of the 737 Max over the next 20 years.

Japanese customers have purchased more than 1,000 Boeing airplanes over 60 years and the country’s aerospace companies contribute to all Boeing commercial airplane programs, primarily making subassemblies for the 737, 747-8, 777 and 787, and now the 737 Max and 777X.