Boeing Statement on RBS Aviation Capital Order for 43 Next-Generation 737s
FARNBOROUGH, United Kingdom, July 21, 2010 – RBS Aviation Capital today disclosed an order for 43 Boeing [NYSE: BA] Next-Generation 737-800s.
Valued at approximately $3.3 billion at average list prices, the RBS orders were posted to Boeing’s Orders and Deliveries website in 2008 and 2009 and attributed to an unidentified customer.
RBS Aviation Capital is leasing the airplanes to its customers through 2015. Last week RBS took delivery of a 737-800 from Boeing, bringing to 125 the number of 737s the leasing company has purchased or financed.
“I am delighted that RBS Aviation Capital is continuing its excellent and long-standing relationships with Boeing,” said Peter Barrett, CEO, RBS Aviation Capital. “The Next-Generation 737 family has been instrumental in helping us create a highly successful global business that has pioneered the strategy of owning and leasing narrowbody, commodity aircraft types that are liquid, investor-friendly and easily tradeable. Our ongoing commitments to Boeing underline that we remain very positive on the outlook for both RBS Aviation Capital and the wider aircraft leasing sector.”
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About RBS Aviation Capital
RBS Aviation Capital is a global business that ranks among the top five operating lessors by fleet value. The company’s strategy is to own and lease liquid, investor-friendly aircraft assets with continuous trading through the industry cycle to maximize profitability and manage risk, and there is a distinct focus on narrowbody, commodity aircraft types that cater to the robust LCC (Low Cost Carrier) market and are easily tradeable. Over the past six years, the company has profitably sold 158 commercial aircraft valued at more than $6 billion and its operating lease aircraft portfolio is currently valued at more than $8 billion. The company was founded in 2001 and now has 100 airline customers and 36 investor customers in 38 countries. It is headquartered in Dublin and has offices in London, Shanghai, Hong Kong, Singapore, Dubai, New York, Toulouse and Seattle.
Contacts:
Andrew Davis
Boeing Commercial Airplanes Communications
Farnborough, UK
+44 7827 240 093
Jim Condelles,
Boeing Commercial Airplanes
International Communications
+1 206-766-2924
Rory Godson
Rob Greening
RBS Aviation Capital
0044 207 250 1446
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