By Jon Ostrower
FARNBOROUGH, England--Kuwait lessor Aviation Lease And Finance Co., ALAFCO, Tuesday confirmed a commitment for 20 Boeing Co. (BA) 737 Max aircraft, adding to a continued run of lessors ordering the updated jet.
The order for 737 Max-8 jets, when confirmed, is worth up to $1.9 billion at listed prices.
ALAFCO Chief Executive Ahmad Alzabin said at a news conference at the Farnborough International Air Show, it hadn't yet arranged delivery timing on the new aircraft and provided no timeline for the order's finalization.
ALAFCO's order for 737 Max aircraft was earlier reported by The Wall Street Journal.
Ray Conner, Boeing Commercial Airplanes chief executive, said the order from ALAFCO is in addition to the 1,000 orders and commitments the company said it had received coming into the show.
Just prior to the air show, Virgin Australia placed an order for 23 jets and Boeing has yet to announce any airline commitments at the air show, but United-Continental Holdings is widely expected to announce an order for up to 200 737 Max aircraft by the end of the week.
ALAFCO joins Air Lease Corp. (AL) and General Electric Co.'s (GE) aircraft leasing arm in ordering the 737 Max.
The order for Boeing also marks the first commitment by a Middle Eastern customer for the updated model that will first see service with Southwest Airlines Co. beginning in 2017.
Mr. Alzabin said the order brings the company's aircraft leasing portfolio to 125 aircraft.
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