Boeing Co. (BA:US) racked up deals with leasing companies for a second consecutive day, as a General Electric Co. (GE:US) unit and Kuwait’s Alafco agreed to buy 120 of the planemaker’s top-selling 737 single-aisle model.
GE Capital Aviation Services committed to take 75 of the upgraded Max version and 25 of the current model of the top- selling 737, Boeing said today in a statement at the Farnborough air show outside London. Alafco will acquire 20 planes, all the 737 Max version, Boeing said in a separate statement.
Gecas’s transaction would have a list value of $9.25 billion, based on Chicago-based Boeing’s retail prices for the 737 Max 8 and the 737-800 planes in the agreement, while the Alafco deal would be valued at $1.9 billion. Airlines typically buy at a discount.
Boeing opened the Farnborough show, the year’s highest- profile trade event for the aerospace industry, with an order yesterday for 75 737s from Steven Udvar-Hazy’s Air Lease Corp. (AL:US) That sale included 60 Max planes in the first such deal with a lessor.
Both of today’s accords are still being completed, and will be logged in Boeing’s official order tally once they’re final, according to the planemaker.
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