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FARNBOROUGH 2010: Avolon revealed as customer for 12 Boeing 737-800s

An order from Ireland-based leasing company Avolon for 12 737-800 aircraft, valued at approximately $921 million at average list prices, has been announced by Boeing.

The deal was posted on Boeing’s Orders and Deliveries website in December 2009 and attributed to an unidentified customer.

“Avolon’s order is especially significant because it is a brand-new player in the leasing industry, having just launched in May and established offices around the world,” commented Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “Avolon’s selection of the 737 is another indicator of the 737’s value to airlines and investors. Their entry into the marketplace is another signal that both the aviation industry and the air transport sector are recovering – and that’s good news for all of us."

“This order represents a further step towards our stated strategy of developing Avolon as a global leader in aircraft leasing,” said Domhnal Slattery, Avolon CEO. “Having our own delivery stream of new aircraft is a natural complement to our sale and leaseback and other financing capabilities. At a value of close to $1 billion the order reflects both the scale of our ambition and the strength of our financial backing.”

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