Bloomberg News

Boeing Said to Near $9.2 Billion of Jet-Lessor Orders

July 14, 2014

Boeing 777 Production

A nearly completed Boeing Co. 777 reaches the end of a moving production line at the company's facility in Everett, Washington. Photographer: Mike Kane/Bloomberg

Boeing Co. (BA:US) is poised to win orders from two jet-leasing companies for narrow- and wide-body planes valued at as much as $9.2 billion, people familiar with the discussions said.

The deals may be announced at the Farnborough Air Show as soon as tomorrow, said the people, who asked not to be identified because the details are private. Air Lease Corp. (AL:US) may buy 20 of Boeing’s 737 Max single-aisle jet and six 777 wide-bodies, while BOC Aviation Ltd. is set to commit to at least 50 of the Max jets, the people said.

Completing the transactions would help Boeing fight back after Airbus Group NV grabbed more business on the opening day of the Farnborough expo near London, the biggest aviation forum this year. Airbus’s haul of firm orders and sales accords today topped $21 billion, almost triple the tally for Boeing.

Doug Alder, a spokesman for Chicago-based Boeing, declined to comment about future sales. Claire Leow, a spokeswoman for Singapore-based BOC Aviation, also declined to comment. Ryan McKenna, a spokesman for Los Angeles-based Air Lease, said he would have no comment before any announcement.

More from the Farnborough Air Show:

  • Qatar Air CEO Moves Toward Boeing 777X Sign-off, Slams A380
  • Embraer Gets $2.4 Billion Sale as Bombardier Seeks Orders
  • Airbus Works to Reverse A380 Trend After Drawing Blank This Year

To contact the reporters on this story: Julie Johnsson in Farnborough, England, at jjohnsson@bloomberg.net; Richard Clough in Farnborough, England, at rclough9@bloomberg.net

To contact the editors responsible for this story: Ed Dufner at edufner@bloomberg.net; Benedikt Kammel at bkammel@bloomberg.net John Lear


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Companies Mentioned

  • BA
    (Boeing Co/The)
    • $126.77 USD
    • -2.97
    • -2.34%
  • AL
    (Air Lease Corp)
    • $36.97 USD
    • -0.18
    • -0.5%
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