50 SKY SHADES - World aviation news

Boeing, Japan Investment Adviser Finalize Order For 10 737 MAX 8 Airplanes

Download: Printable PDF Date: 26 Aug 2017 02:13 categories:
Publisher:
Boeing, Japan Investment Adviser Finalize Order For 10 737 MAX 8 Airplanes - Manufacturer publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

Boeing and Tokyo-based Japan Investment Adviser Co., Ltd., (JIA) finalized an order for Boeing 737 MAX 8 airplanes, valued at $1.12 billion at current list prices.

The order was previously announced as a commitment at the 2017 Paris Air Show in June.

The new 737 MAX 8s are the first directly purchased airplanes for JIA and will help bolster the lessor's growing fleet of next-generation aircraft.

"We are excited to introduce the new 737 MAX 8 airplane into our single-aisle fleet and we are confident that this airplane will diversify our operating lease portfolio in the years ahead," said Naoto Shiraiwa, president and CEO of JIA. "The 737 MAX will provide us with a stronger competitive advantage in providing our future airline clients with reliable airplanes that make sense economically."

JIA is an innovative Financial Solutions Provider and is listed on the Tokyo Stock Exchange. Its activities include operating a lease business that manages a fleet of around 60 aircraft worldwide through its operating lease arm, JP Lease Products & Services (JLPS).  The current managed fleet includes Next Generation Boeing 737s as well as Boeing 777s.

"We are truly honored to play an important role in the growth of JIA as a key player in the commercial leasing business within Asia," said Rick Anderson, vice president of Northeast Asia Sales, Boeing Commercial Airplanes. "JIA has made the perfect selection for their new fleet strategy, as the 737 MAX provides operators with market-leading economics and reliability. We are proud to share this milestone with JIA as we continue to strengthen our partnership going forward."

The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

About JIA
Japan Investment Adviser Co., Ltd. (JIA) is an emerging financial services provider with a diverse business scope that ranges from operating leases to renewable energy and investment banking services, such as IPO and M&A advisory. JIA's mainstay is the origination and management of investment funds focused on operating leases and renewable energy through its wholly owned subsidiary, JP Lease Products & Services Co., Ltd.  JIA is listed on the Mothers section of the Tokyo Stock Exchange.



Loading comments for Boeing, Japan Investment Adviser Finalize Order For 10 737 MAX 8 Airplanes...


Recommended

Boeing Awards Five-Year Contract to Aircraft Philipp Group of Germany

Aircraft Philipp will produce machine parts for the global fleet of the H-47 Chinook helicopters, becomes part of Boeing’s significant supplier base in Germany. Boeing and Aircraft Phili...

Russian Helicopters lands first export order for Mi-171A2

Russian Helicopters has signed a contract with India’s Vectra Group to deliver a single Mil Mi-171A2 medium utility rotorcraft. This first export contract for the type was signed at Dubai Air Sh...

Leonardo starts delivery of 16 AW101 Norwegian all-weather SAR helicopters

First of 16 AW101 helicopters delivered to the Norwegian Ministry of Justice & Public Security for its All-Weather Search and Rescue Helicopter programme The AW101s will be operated by the Ro...

Falco EVO surveillance drone touches down in the Middle East with first delivery to launch customer

The Falco EVO Remotely-Piloted Air System (RPAS) has been selected by two customers in the Middle East and Gulf region. The first delivery took place last month Leonardo is also seeing increased...

Latin America and Caribbean’s in-service fleet to more than double by 2036

Region’s economy predicted to grow above world’s average in the next two decades From 2017-2036 Latin America and the Caribbean will need 2,677 new passenger and freighter aircraft to m...