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BOC Aviation Orders 50 Boeing 737 MAX Jets to Support Global Airlines

1. Boeing secures firm order for 50 737-8 jets from BOC Aviation. 2. BOC Aviation now has 139 unfilled orders with Boeing. 3. Single-aisle jets expected to comprise 75% of deliveries over the next 20 years. 4. The 737-8 offers airlines significant operational savings through lower fuel consumption. 5. This order reflects confidence in ongoing air travel demand and efficiency.

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FAQ

Why Bullish?

The increase in orders signifies strong demand for Boeing's 737 aircraft, which typically leads to increased revenue and market confidence. Historical data shows similar orders boosted BA's stock in the past, notably following large transactions in the commercial sector.

How important is it?

The commitment by BOC Aviation for 50 new aircraft represents a solid endorsement of Boeing's products, likely elevating investor confidence and influencing market activity positively regarding BA stocks.

Why Long Term?

The order aligns with growing demand for durable aircraft supporting airline fleet expansions, beneficial in the long run. As airlines determine their future strategies, Boeing's delivery schedule will affect its market standing over several years.

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, /PRNewswire/ -- Boeing [NYSE: BA] and BOC Aviation have announced a new, firm order for 50 737-8 jets, expanding the lessor's 737 MAX portfolio to 215 737-8s and 737-9s. BOC Aviation will increase its Boeing order book to 139 unfilled orders. BOC Aviation currently has 69 737 MAX airplanes on operating leases to more than 15 airlines worldwide. A rendering of BOC Aviation's 737-8 is depicted here. (Boeing image) "Our strong partnership with Boeing has led to this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft. With this transaction, we have commitments to purchase over 140 of these aircraft, which is the largest Boeing orderbook position in our history," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth." With single-aisle jets projected to account for 75% of global deliveries over the next 20 years, lessors are looking to build their order books to support airlines' fleet growth plans and replace less-efficient older jets. To date, lessors have ordered more than 1,200 737 MAX jets as they seek to replace up to 300 Next-Generation 737s per year that are set to retire from passenger operations by the end of the decade."BOC Aviation's latest investment in the 737-8 demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 737-8 is much sought after by airlines due to its unmatched versatility, generating significant operational savings because of lower fuel consumption."The 737-8, seating 162 to 210 passengers depending on configuration and with a range of up to 3,500 nautical miles (6,480 km), is the market's most versatile single-aisle airplane, capable of operating profitably on short- and medium-haul routes.A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. Boeing Media Relations[email protected]SOURCE Boeing WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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