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Boeing gets $8.25 bn order from GE plane leasing arm

AFP
Singapore-based aircraft leasing firm BOC Aviation has ordered 13 new Boeing 737 MAX 8 planes worth a total of $1.4 billion at list prices

Boeing won a contract to supply 75 single-aisle 737 Max 8 planes to General Electric's airplane leasing arm worth $8.25 billion at current listed prices, the companies announced Wednesday.

The order, booked in December, increases GE Capital Aviation Services' backlog of the popular Boeing model to 170 planes.

Boeing said its 737 Max model has had a total of 3,419 orders, making it the aerospace giant's fastest-selling plane in history.

GECAS has a fleet of more than 1,950 aircraft and has customers in more than 74 countries. It also works in aviation financing.

Shares of Boeing rose 1.0 percent to $158.45, while GE advanced 0.1 percent to $31.71 in midday trade.