Boeing Announces $7.2 Billion, 75 Plane Deal At Farnborough Airshow

Boeing has announced a deal to sell 75 airplanes worth $7.2 billion at the Farnborough Airshow to Air Lease Corporation.

60 are for the 737 Max 8 planes, and 15 for the 737 Max 9 planes. Boeing said it had now received orders for 1,000 737 Max planes, which are due to fly for the first time in 2016.

"They are an ideal partner to help establish the 737 Max in the leasing market," said Boeing Commercial Airplanes boss Ray Conner.

The new planes will be 13% more fuel efficient, and have strengthened landing gear and wings and a larger rear tail stabilizer.

"The 737 MAX is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s," Steven Udvar-Hazy, chairman and CEO of Air Lease Corp., said in the release.

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