By Zacks Equity Research
Aircraft giant, The Boeing Company BA , has finalized an order for delivering 12 737 MAX airplanes to Air Lease Corporation (AL). Although details of the contract have been revealed recently, the order was announced during the Paris Air Show.
The deal comprises order for five 737 MAX 7s and seven 737 MAX 8s. It also includes two new orders for the 787-9 Dreamliner.
Notably, with this order Los Angeles, CA-based Air Lease Corporation's total MAX orders reaches 130, and Dreamliner order reaches 49.
As a member of the Next-Generation 737 family, the 737-800, continues to be an extremely popular single-aisle aircraft. This is because of its advanced technology and low operation as well as maintenance costs.
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