Jackson Square Aviation becomes 100th customer of Boening 737 MAX program with an order valued at $3.5 billion.
Boeing [NYSE: BA] and Jackson Square Aviation (JSA) announced the leasing company has ordered 30 737 MAX airplanes in its first direct purchase from a jet maker, reflecting the evolution of the airplane lessor’s business and its confidence in the market for 737 MAXs.
The two companies unveiled the $3.5 billion deal – per current list prices – during a signing ceremony at the 2018 Farnborough International Airshow. The order, previously unidentified on Boeing’s Orders & Deliveries website, represents the 100th customer for the 737 MAX program.
“Today’s order is an exciting moment in the history of Jackson Square Aviation,” said Toby Bright, JSA’s chief executive officer. “We are excited to become even more of a full-service partner for our airline customers by expanding our fleet of 737 MAX airplanes as global demand for narrow-body jets continues to rise. The MAX is quickly becoming an important part of our portfolio and we look forward to offering this modern, fuel-efficient and reliable aircraft to airlines around the world. We have carefully evaluated how speculative orders can enhance our long-term business model, and this transaction signifies the next step in that development.”