ALC announces orders and commitments for 78 Boeing aircraft

Air Lease Corporation [ALC] has announced orders and commitments for up to 78 Boeing aircraft, including 75 737 MAX 8s and three 787-9 Dreamliners, at the 2018 Farnborough International Airshow. The order, valued at $9.6 billion at current list prices, expands ALC’s 737 MAX portfolio to 213 jets. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases. The subsequent 55 737 MAX airplanes are commitments until both companies finalize them into firm orders. In total, ALC has now placed orders and commitments for 361 Boeing airplanes since 2010, including 288 737s, 21 777s