Babcock & Brown Aircraft Management orders 20 Next-Generation Boeing 737-800s

Babcock & Brown Aircraft Management (BBAM), in conjunction with its long-term business partner, Nomura Babcock & Brown, has placed an order for 20 Next-Generation Boeing 737-800s. The order is valued at $1.5 billion at list prices.

"Babcock & Brown Aircraft Management has experienced great success in placing the Boeing Next-Generation 737 with airline operators around the world and we look forward to taking delivery of these aircraft from Boeing, which will bring our fleet of Next-Generation 737s to more than 125 aircraft," said Steven Zissis, president, BBAM.

To date, 109 customers have placed orders for more than 4,300 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 1,800 airplanes, worth over $130 billion at list prices.

Babcock & Brown Aircraft Management's aircraft leasing portfolio is the world's fifth largest, managing 245 leased commercial jets with a total value in excess of $6.5 billion. The fleet, which is currently 100% utilized and leased to 72 customers, has an average age weighted by value of 7.6 years.

See other recent news regarding: Travel News Asia, Hotels, Boeing, 737