We’ve announced order for 10 of Boeing’s Next-Generation 737-800s

Boeing (NYSE: BA) and Standard Chartered Bank today announced an order for 10 Next-Generation 737-800s. The order, which was previously attributed to an unidentified customer, is valued at $960 million at list prices.

Speaking at the Farnborough International Airshow, Kieran Corr, Head of Aviation Finance at Standard Chartered, said: “We are excited about adding these new Boeing aircraft to our fleet. Our current portfolio consists of over 110 aircraft on operating lease to airline clients globally. We are committed to continuing to grow and diversify our client base over the next couple of years.”

Corr added: “We are investing to leverage our global and leasing capabilities to demonstrate our commitment to key clients by providing aircraft on operating lease to meet increasing air traffic demand across some of the world’s fastest growing regions. With deliveries through 2018, these new Boeing Next-Generation 737-800s will help us meet near-term client demand and expand our client base in our core markets, such as North East Asia.”

With an average age of less than five years, Standard Chartered’s fleet comprises some of the most modern and fuel efficient aircraft in the market. “Our key markets are Asia, Africa and the Middle East, with a focus on emerging markets,” said Corr. “We want to help the aviation sector grow in those markets to drive regional trade and investment and we can only do that with an expanded diversified fleet.”

Boeing Commercial Airplanes President and CEO Ray Conner commented: “We’re proud that Standard Chartered has chosen the Next-Generation 737 to grow its Aviation Finance business. They’ve had great success in the past with 717s and 737 Classics, and we’re pleased to welcome them back to Boeing.”

For further information please contact:

Doug Alder
Leasing Sales Communications
Boeing
+1 206 660 2978
doug.alder-jr@boeing.com

Jessica Shepherd-Smith
Executive Director, Corporate & Business Communications, Europe
Standard Chartered Bank
+44 20 7885 2282
Jessica.shepherd-smith@sc.com

Valerie Tay
Director, Corporate & Institutional Banking Communications
Standard Chartered Bank
+65 6596 9284
valerie.tay@sc.com