Boeing, Aviation Capital sign for 15 Next-Generation 737s

BOEING and Aviation Capital Group (ACG) a subsidiary of Pacific LifeCorp, have announced that the Newport Beach, California- based leasing company has ordered 15 more Next-Generation 737-700s.

The order, announced at the recent Farnborough International Air Show in England, is worth approximately US$934 million at list prices.

"This supplements our order for 17 Next-Generation 737s," said ACG chief executive Stephen Hannahs. "We continue to order the 737 with the latest improvements to have the most fuel-efficient airplanes."

With this, ACG has ordered 96 Boeing aircraft - 91 Next-Generation 737s and five 787 Dreamliners. This includes 15 Next-Generation 737s for which ACG acquired delivery positions from Delta Air Lines in 2006. Of the 96 Boeing airplanes ordered, 89 remain to be delivered.

ACG's current fleet contains 131 Boeing planes, including Next-Generation 737s, as part of the company's portfolio of more than 230 aircraft.

"The Next-Generation 737 is the best-selling jetliner of all time because of its high reliability and fuel efficiency and its low operating costs," said Boeing sales vice president John Feren.

To date, 115 orders have been placed for more than 4,800 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 2,200 airplanes, worth more than $160 billion at list prices.

Aviation Capital Group is owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world's leading airlines. Its portfolio includes 233 aircraft leased to 97 airlines in 42 countries. ACG's Capital Markets Group also provides asset management and remarketing services to airplane investors and institutional clients. ACG was founded in 1989 and is a unit of Pacific LifeCorp.