GECAS Orders 100 Boeing 737s at Farnborough
The deal marks the the largest order announced so far at this year’s Farnborough International Airshow.
The 737 MAX is an efficiency-focused update to the popular 737 line of narrowbody aircraft with an expected entry into service in 2017.
“The 737 MAX is a perfect complement to our airplane portfolio,” said Norman C.T. Liu, President and CEO of GECAS, in a statement. “These new Next-Generation 737 and 737 MAX airplanes will continue our long-standing strategy of providing our customers the most fuel efficient, most capable airplanes with the lowest operating costs.”
Powered by new CFM LEAP-1B engines, Boeing promises a 16 percent improvement in fuel burn compared to current 737s and a 4 percent advantage over the Airbus A320neo. Use of lighter materials and a new winglet design are also expected to improve range and fuel economy.