GE GE Aerospace

   By Colin Kellaher 
 

Boeing Co. (BA) on Tuesday said Aviation Capital Group ordered 20 737 MAX 8 airplanes, valued at $2.34 billion at list prices.

Boeing said the order, which it announced at the Farnborough International Air Show in the U.K., brings Aviation Capital's 737 MAX direct-buy order quantity to 100. Aviation Capital is an aircraft-leasing company majority-owned by Pacific Life Insurance Co.

Boeing said the order will appear on its orders and deliveries website once all contingencies have been met.

The Chicago aerospace company earlier Tuesday said it expects airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years.

Separately, CFM International said Aviation Capital has ordered its LEAP-1B engines to power the new 737 MAX aircraft. CFM, a joint venture of General Electric Co. (GE) and Safran S.A. (SAF.FR) said the order is valued at $528 million at list prices.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 17, 2018 11:32 ET (15:32 GMT)

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