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Wednesday, June 17, 2015

Boeing wins AerCap order for 737 MAX jets worth $10.7billion

Rocs 385 feet (117 metres) wingspan compares to 320 feet for H-4 Hercules and 225 feet for Boeing 747-8
Boeing Co  won an order for 100 737 MAX 8 passenger jets from Dutch aircraft leasing company AerCap  at the Paris air show on Tuesday, in a deal worth $10.7 billion at list prices.

The news confirmed a Reuters report that Boeing was close to clinching the long-sought deal.

“This is something we have been working on for a long time,” AerCap Chief Executive Aengus Kelly said. “It is as important a transaction for AerCap as it is for Boeing.”

AerCap inherited the negotiations from US leasing company ILFC, which it bought last year. ILFC had refused to join a wave of leasing company orders for the revamped 737 MAX, saying the terms must be right, a position later echoed by AerCap.

(Reuters)

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