PARIS AIR SHOW: CALC orders 50 Boeing 737 MAX for $5.8b

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PARIS AIR SHOW: CALC orders 50 Boeing 737 MAX for $5.8b

Postby Greg on Tue Jun 20, 2017 6:52 am

Boeing [NYSE: BA] and China Aircraft Leasing Group (CALC) [SEHK stock code: 01848 HK] today announced an order for 50 737 MAX airplanes at the 2017 Paris Air Show.

The agreement includes an order for 15 of the new 737 MAX 10, which was launched Monday at the show. This order is CALC's first direct purchase from Boeing, with a value of $5.8 billion at list prices.

CALC currently owns a fleet of 89 aircraft. With this new order, its outstanding order book now consists of 139 aircraft, putting the company on track to deliver a total of no less than 230 aircraft by 2023.

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