Boeing Sells 10 More 777s to Air Lease

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Never let it be said that Air Lease Corp (NYSE: AL  ) plays favorites. Earlier this month, the Los Angeles-based airplane leasing company placed orders for 25 new A350 XWB airliners from Boeing (NYSE: BA  ) archrival Airbus. If that ruffled any feathers at fellow countryman Boeing, though, then Air Lease's latest move should put them back in place.

On Thursday, Air Lease placed an order for 10 of the Seattle planemaker's 777-300ER long-haul passenger jets, an order worth $3.2 billion at list prices. According to a press release describing the sale, the company has now orders outstanding for a total of 185 Boeing airplanes:

  • 78 Next-Generation 737s;
  • 80 of the even newer 737 MAXs;
  • 12 of the now infamous 787 Dreamliners; and including today's order ...
  • 15 777-300ERs.

The company says it also has "reconfirmation rights" to buy 20 more 737 MAXs. At present, the company's fleet consists of 155 planes: 

  • 58 Airbuses;
  • 56 Boeings;
  • 31 E175s and E190s from Embraer (NYSE: ERJ  )
  • 10 short-haul turboprop ATR 72-600s from the French-Italian firm ATR

Some of these planes are 767s -- which clarifies that the "185" Boeing planes must be planes on order only, and not a combination of orders plus planes already in the fleet.

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  • Report this Comment On February 28, 2013, at 11:47 PM, prginww wrote:

    Mr. Smith, the Boeing 787 is not infamous. It is a new airplane that has been approved for commercial flight and it has a battery problem. That is quite different from being infamous.

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9/28/2016 4:02 PM
AL $28.17 Up +0.62 +2.25%
Air Lease CAPS Rating: *****
BA $132.23 Up +0.91 +0.69%
Boeing CAPS Rating: ****
ERJ $18.19 Up +0.42 +2.36%
Embraer-Empresa Br… CAPS Rating: ***