U.S. News

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.