
Boeing receives large orders for 737 Max jets and 777 freighters
After a period of uncertainty and challenges, Boeing can finally announce positive news. Aircraft lessor Aviation Capital Group (ACG), a subsidiary of Tokyo Century Group, has significantly increased its order for Boeing 737 Max jets. This represents a significant boost for the American aircraft manufacturer, which has faced various problems in recent years. On July 15, 2024, Boeing and ACG announced that ACG had placed firm orders for 16 Boeing 737 Max 8s and 19 737 Max 10s. With this new order, ACG has ordered a total of 82 737 Max jets. This is a significant expansion after the company had already secured seven 2023-737s and six 8-737s in September 10. Thomas Baker, CEO and President of ACG, emphasized the strategic value of this order: “This firm order for additional 737 Max aircraft increases the strategic value of ACG’s backlog, supports a key pillar of our growth strategy and reaffirms our commitment to invest in modern and fuel-efficient aircraft technology.” Market demand and technical challenges ACG’s renewed order underscores market demand for the 737 Max family, particularly for its flexibility and fuel efficiency. Brad McMullen, Senior Vice President of Commercial Sales and Marketing at Boeing, said: “Today’s repeat order demonstrates market demand for 737 Max family aircraft as ACG customers seek to operate flexible, fuel-efficient fleets.” However, the 737 Max 10, the largest model in the family, is still in the certification process. Technical issues, particularly with the anti-icing system, have affected both the 737 Max 10 and the 737 Max 7. These challenges must be resolved,