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GECAS Announces Order for 20 737 MAXs and 20 Next-Generation 737s

01/20/2014 | By GE Capital Aviation Services (GECAS) from press release

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today an order for 40 737s. The order, with a list-price value of approximately $3.9 billion, 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 of 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 737NG to 387 airplanes, the most for both models by any company in the leasing industry.

"GECAS is an industry leader and this follow-on order reinforces the value of the Next-Generation 737 and 737 MAX in the leasing market,” said John Wojick, senior vice president of Global Sales for Boeing Commercial Airplanes. “The 737 MAX will provide GECAS’s airline customers with the best-in-class operating efficiencies and passenger amenities.”

The Boeing 737-800 is one of the best-selling versions of the highly successful Next-Generation 737 family, the most technologically advanced airplanes in the single-aisle market. The Next-Generation 737's market success has been confirmed by investors who consistently rank it as the most preferred single-aisle airplane due to its wide market base, superior performance efficiency and lowest operating costs in its class. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

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