ALC Finalizes Order for 14 Boeing 737-800s and 5 777-300ERs

Air Lease Corporation (ALC) has finalized an order for 14 Next-Generation Boeing 737-800s, with options for four more, and five 777-300ER (extended range) airplanes.

The order marks the completion of part of an agreement announced during the Paris Air Show in June. At list prices, the order is valued at $2.5 billion.

"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 Steven F. Udvar-Hazy, chairman and CEO of Air Lease Corporation. "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."

The order builds on ALC's existing backlog of 60 Next-Generation 737-800s.

The 777-300ER is the world's largest long-range twin-engine jetliner, capable of carrying 365 passengers up to 7,930 nautical miles (14,685 kilometers). To date 34 customers around the world have ordered more than 500 777-300ERs.

Boeing and ALC are still trying to finalize an agreement for the purchase of four 787-9 Dreamliners.

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