May 28, 2024
Aviation Business

Aviation Capital Group orders 13 Boeing 737 MAX aircraft

Lessors have ordered more than 1,300 737 MAX aircraft to date

Aviation Capital Group (ACG), the Newport, California-headquartered aircraft lessor, has formalised an order for 13 new Boeing 737 MAX aircraft, increasing its order book to 47 737 MAXs.

The new, incremental order includes seven 737-8 and six 737-10 aircraft to expand ACG’s single-aisle options to meet robust customer demand for the fuel-efficient 737 MAX aircraft family.

Steven Udvar-Hazy, Senior Vice President and Chief of Aircraft Operations at ACG, said: “We are pleased to expand ACG’s commitment to the 737 MAX programme.

“This additional order will allow ACG to offer fuel-efficient and versatile aircraft to our airline customers worldwide.”

Fleet dynamics

Christy Reese, Boeing Vice President of Global Leasing Commercial Sales & Marketing, Boeing Commercial Airplanes, said: “ACG’s growing and diverse 737 MAX portfolio allows its customers to operate a more sustainable, efficient fleet.

“We look forward to helping ACG deliver the most fuel-efficient airplanes in the industry to its airline partners.”

The 737 MAX family offers carriers enhanced efficiency and route flexibility for short- and medium-haul air travel, making it an asset for global aircraft lessors such as ACG. 

The 737-8 can carry up to 210 passengers based on configuration with a range of 3,500 nautical miles, while the 737-10, the largest 737 MAX model, seats up to 230 passengers with a range of 3,100 nautical miles.

Both variants reduce fuel use and carbon emissions by 20% compared to the aircraft they replace.

Lessors have ordered more than 1,300 737 MAX aircraft to date.

Emissions control

On average, each 737 MAX saves up to eight million pounds of carbon dioxide emissions annually compared to the aircraft it replaces.

It is also a quieter aircraft, with a 50% smaller noise footprint than the aircraft it replaces.

ACG is a privately held, wholly owned subsidiary of Tokyo Century Corporation, a diversified leasing business (leasing, instalment sales, and other financial services for IT-related equipment, industrial equipment, and other machinery and facilities), various types of financing, and International business.

With over 400 owned, managed and committed commercial jet aircraft leased to approximately 90 airlines in about 45 countries, ACG is a proven fleet strategy solutions provider to the world’s airlines.

The company’s full-service operating lease platform, with over 30 years of industry leadership, is core to its ability to offer these solutions.

Additionally, ACG’s global market expertise and strong manufacturer and international financial institution relationships enable the company to provide advisory services and customised financial products.

Image: An Aviation Capital Group (ACG) Boeing aircraft in company livery. Image: Boeing

    Arnold Pinto

    Arnold Pinto

    Arnold Pinto is an award-winning journalist with wide-ranging Middle East and Asia experience in the tech, aerospace, defence, luxury watchmaking, business, automotive, and fashion verticals. He is passionate about conserving endangered native wildlife globally. Arnold enjoys 4x4 off-roading, camping and exploring global destinations off the beaten track.
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