Enter multiple symbols separated by commas

Boeing Wins $8.8 Billion Plane Order From Major Leasing Firm

Boeing has won a deal to supply more than 60 planes worth $8.8 billion to International Lease Finance, which said there was strong demand by airlines for Boeing's 787 Dreamliner aircraft.

ILFC, the world's largest plane leasing company by fleet value, has ordered 50 787 Dreamliner widebodied aircraft and has an option for two more 787s, which the U.S. planemaker said it was exercising.

ILFC, which is owned by American International Group , also ordered 10 737 planes and one 777-300 ER plane.

The two 787 options and the single 777-300 ER had previously been listed on Boeing's company Web site as options attributed to an unidentified customer.

With today's deal, ILFC is the largest customer of the 787 with 73 787-8 planes and one 787-9 plane on order.

"We are experiencing strong leasing demand from airlines all over the world for the Boeing 787 dreamliner," ILFC Chief Executive Steven Udvar-Hazy told reporters.

ILFC has a portfolio valued at more than $48 billion, consisting of about 900 jet aircraft.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Ferrari 488 Spider

    Ferrari's new 488 Spider will have a V-8 turbo engine and a retractable hard-top roof that lowers in just 14 seconds.

  • Members of the New Horizons science team react to seeing the spacecraft's last and sharpest image of Pluto before closest approach later in the day at the Johns Hopkins University Applied Physics Laboratory (APL) in Laurel, Maryland July 14, 2015.More than nine years after its launch, a U.S. spacecraft sailed past Pluto on Tuesday, capping a 3 billion mile (4.88 billion km) journey to the solar system's farthest reaches, NASA said.

    The New Horizons Pluto flyby mission set records for NASA's social media and web metrics——but why do we care so much?

  • Thomas Lee

    This year's flat market is reminiscent of 1904, says Thomas Lee of Fundstrat Global Advisors in an interview with Amanda Drury.

U.S. Video

  • Investors observe the stock market at a stock exchange hall in Fuyang, Anhui province of China.

    Discussing oil's rally Tuesday, and the Chinese stock market, with Wayne Cooperman, Cobalt Capital Management, and Leon Cooperman, Omega Advisors Chairman & CEO.

  • Two views on Twitter

    Twitter says its monthly active users were 316 million in the recent quarter. Ross Gerber, Gerber Kawasaki CEO, and Max Wolff, Manhattan Venture Partners, share their view of the company.

  • Leon Cooperman: Allergan trying to move up

    Discussing the big run in Allergan, with Wayne Cooperman, Cobalt Capital Management, and Leon Cooperman, Omega Advisors Chairman & CEO.