Aerospace and defense giant Boeing Co.(BA) said CIT Aerospace of CIT group Inc. (CIT), a leading lessor in aviation industry, has placed order for 30 737 MAX 8s. The order comprises of 10 new aircraft and conversions of 20 existing Next-Generation 737 orders. Oman Air will buy five 737-900 ER aircraft for $473 million at current list prices. Menawhile, Ryanair finalized an order for 175 Next-Generation 737-800 Airplanes valued at $15.6 Bln at list prices, Boeing revealed in a different statement at the 50th Paris Airshow.
According to Jeffrey Knittel, president of CIT Transportation Finance, the addition of tBoeing 737 MAX 8s would ensure CIT Aerospace to maintain the youngest and most fuel efficient fleets.
The 737 MAX is known for advanced engine technologies and offers 13 percent fuel-burn improvement over today's most fuel-efficient single-aisle airplanes and an 8 percent operating cost per seat advantage. 737 MAX will be 8 percent more fuel efficient than the A320neo. The aircraft will have a new LEAP-1B engines from CFM International, a redesigned tail cone and the Advanced Technology winglet.
Separately, Boeing announced that the first delivery of the 737 MAX 8 to launch customer Southwest Airlines will be in the third quarter of 2017, a quarter earlier than originally scheduled .
With the new order, Oman Air became the first customer in the Arabian Gulf region to order 737-900ERs. Currently, the airline operates a fleet of 15 Boeing Next-Generation 737-800s and two 737-700s. With this new order, the airline now has a backlog of six 737-800s and five 737-900ERs. In addition, Oman Air has six Boeing 787-8s on order.
BA is currently up 0.87 percent in pre-market trading on the Nasdaq.
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