ALAFCO announces firm order for 20 737 MAXs

LKuwait airplane leasing company ALAFCO finalized a firm order for 20 Boeing 737 MAX 8s valued at $2.0 billion at current list prices. The order was first announced as a commitment at the Farnborough Airshow in July, 2012. The 737 MAX is the new-engine variant of the world's best-selling airplane and builds on the strengths of today's Next-Generation 737.

The airplane will be powered by new CFM International LEAP-1B engines. Along with the engines, aerodynamic improvements to the tail and the new Advanced Technology winglet, the 737 MAX will reduce fuel burn and CO2 emissions by 14 percent over today's most fuel-efficient single-aisle airplane, the Next-Generation 737. The 737 MAX will have the lowest operating costs in the single-aisle segment with an 8 percent advantage per seat over tomorrow's competition.