GECAS Orders 40 Boeing Aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has ordered 40 Boeing 737s.

The order, valued at $3.9 billion at list prices, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s.

"We ordered more 737 MAX 8s and Next-Generation 737-800s because demand continues to grow as our airline customers require more fuel-efficient aircraft to compete in the marketplace," said Norman C.T. Liu, president and chief executive officer, GECAS. "This order further strengthens the large GECAS order book."

The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the Next-Generation 737 to 387 airplanes, the most for both models by any company in the leasing industry.

With this order, GECAS has ordered 638 airplanes directly from Boeing, which includes 737s, 747s, 757s, 767s, 777s and 787s. To date, GECAS has taken delivery of 459 of the airplanes.