AviLease Places First Direct Boeing Order for up to 30 737 MAX Jets

Rhea-AI Summary

Boeing [NYSE: BA] has secured a significant order from AviLease, a Saudi Arabia-based global aircraft lessor, for 20 firm 737-8 MAX jets with options for 10 additional aircraft. This marks AviLease's first direct Original Equipment Manufacturer (OEM) order, supporting their portfolio expansion strategy. The deal aligns with Saudi Arabia's aviation goals of serving 330 million passengers and attracting 150 million visitors annually by 2030.

The 737 MAX aircraft, known for its fuel efficiency and versatility, represents approximately 30% of all financed airplanes in the leasing industry. This order strengthens Boeing's presence in Saudi Arabia's commercial aviation sector while supporting AviLease's global expansion plans.

Positive

• First direct OEM order for AviLease demonstrates company's growth and market expansion
• Order includes 20 firm aircraft orders with potential for 10 more through options
• Deal supports Saudi Arabia's strategic aviation goals for 2030
• 737 MAX's fuel efficiency and versatility will enhance AviLease's portfolio

Negative

• None.

News Market Reaction – BA

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+2.46% News Effect

On the day this news was published, BA gained 2.46%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RIYADH, Saudi Arabia, May 13, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and AviLease, a global aircraft lessor headquartered in Saudi Arabia, announced the lessor has placed its first direct order for Boeing airplanes with a firm purchase for 20 737-8 jets and options for 10 more.

The deal enables AviLease to scale up its growing portfolio and provides its customers with the latest generation, fuel-efficient aircraft.

"We are pleased to conclude our first direct Original Equipment Manufacturer (OEM) order, complementing our growth strategy towards being at the top of the industry," said Edward O'Byrne, CEO of AviLease. "Building on our recently achieved investment grade ratings, this transaction proves our ability to transact across all market channels, including sale and lease-back, secondary trading, M&A and now direct OEM purchasing. These new aircraft will accelerate our growth and enable us to deliver the industry's latest generation, fuel–efficient fleet solutions. We extend our gratitude to the Boeing team for the strong long-term relationship we have built."

The single-aisle order aligns with the Kingdom of Saudi Arabia's strategic plan to transform the country into a global aviation hub. The airplanes will support the country's goal of serving 330 million passengers and attracting 150 million visitors annually by 2030.  

"We are honored to strengthen our relationship with a key Saudi Arabian commercial aviation partner and expand the global 737 MAX fleet," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 737 MAX will diversify AviLease's portfolio by delivering unrivalled fuel efficiency and market-leading versatility. It's a powerful combination that will fuel AviLease's profitable global expansion and support their airline customers' business and sustainability goals."

The Boeing 737, with a large global customer base and low operating costs, is a cornerstone of the leasing industry, representing approximately 30% of all financed airplanes.

Boeing Media Relations
media@boeing.com 

 

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SOURCE Boeing

FAQ

How many Boeing 737 MAX aircraft did AviLease order in May 2025?

AviLease placed a firm order for 20 Boeing 737-8 MAX jets with options for 10 additional aircraft, totaling up to 30 planes.

What is the significance of AviLease's Boeing order for Saudi Arabia's aviation sector?

The order supports Saudi Arabia's strategic plan to become a global aviation hub, aiming to serve 330 million passengers and attract 150 million visitors annually by 2030.

What percentage of financed airplanes does the Boeing 737 represent in the leasing industry?

The Boeing 737 represents approximately 30% of all financed airplanes in the leasing industry.

Why is this Boeing order significant for AviLease?

This marks AviLease's first direct Original Equipment Manufacturer (OEM) order, complementing their growth strategy and demonstrating their ability to transact across all market channels.