Saudi Arabia – the Kingdom’s global aircraft lessor AviLease has placed its first direct order with Boeing for up to 30 Boeing B737MAX. The agreement, covers 20 firm commitments for the Boeing 737 MAX 8 and an additional 10 options.

“We are pleased to conclude our first direct Original Equipment Manufacturer (OEM) order, complementing our growth strategy towards being at the top of the industry. Building on our recently achieved investment grade ratings, this transaction proves our ability to transact across all market channels, including sale and lease-back, secondary trading, M&A and now direct OEM purchasing. These new aircraft will accelerate our growth and enable us to deliver the industry’s latest generation, fuel–efficient fleet solutions. We extend our gratitude to the Boeing team for the strong long-term relationship we have built.” stated Edward O’Byrne, CEO of AviLease.

Source: Boeing