Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Boeing, ALAFCO finalize order for twenty 737 MAXs  Join our daily free Newsletter

MENAFN - Arab Times - 06/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab Times) Boeing and Kuwait airplane leasing company ALAFCO finalized an order for 20 Boeing 737 MAX 8s valued at 2.0 billion at current list price.

The order was first announced as a commitment at the Farnborough Airshow in July. "This is the first order for the 737 MAX from the Middle East, which is one of the aviation industry's highest growth regions," said Ray Conner, president and CEO of Boeing Commercial Airplanes. "We are proud of the confidence that ALAFCO has placed in the 737 MAX, and hope to continue this partnership well into the future."


The 737 MAX is the new-engine variant of the world's best-selling airplane and builds on the strengths of today's Next-Generation 737. The airplane will be powered by new CFM International LEAP-1B engines. Along with the engines, aerodynamic improvements to the tail and the new Advanced Technology winglet, the 737 MAX will reduce fuel burn and CO2 emissions by 13 percent over today's most fuel-efficient single-aisle airplane, the Next-Generation 737. The 737 MAX will have the lowest operating costs in the single-aisle segment with an 8 percent advantage per seat over tomorrow's competition.


"Today, with rising fuel costs, the 737 MAX will provide operational cost savings to airlines in addition to being more environmentally friendly due to its latest quiet engine technology," stated ALAFCO's chairman and CEO Ahmad Alzabin during the Farnborough Airshow. "These are the advantages that airlines are looking for in the current competitive and demanding environment." The order brings the total number of 737 MAX orders to date to 878.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help