Avolon Locks In Record 140-Jet 737-10 Order, Lifting MAX Backlog Past 240
BA is trading near its 52-week low of $165.01 (5.1% above the low).
Summary
Avolon finalized an order for 140 737-10 jets, the largest 737 MAX order ever placed by a lessor, pushing its unfilled MAX backlog above 240 aircraft. Lessors have now placed firm orders for more than 230 737-10s in 2026, five times the lessor backlog for the largest MAX variant at the end of 2025 — a real demand signal for the highest-margin, highest-capacity single-aisle model. Lessors have ordered more than 1,450 737 MAX aircraft overall, about 20% of Boeing's backlog, and Avolon CEO Andy Cronin said the carrier continues to see strong demand for new technology aircraft and that the order further strengthens its long-term delivery pipeline. The order is a modest but welcome addition to Boeing's commercial backlog, which has been the market's main worry after July deliveries fell 17% to 53 jets and the FAA ordered inspections on 471 737 MAX aircraft in August. No dollar value was disclosed, so the near-term cash impact is limited; the value is in backlog visibility and confirmation that lessors still want the -10 variant, and Boeing shares rose 1.12% to $175.25 in premarket trading after the order. Boeing's Q3 10-Q showed the loss narrowing to $116 million on $24.2 billion of revenue with $2.7 billion of operating cash flow over nine months, so order momentum supports the recovery case. Watch monthly delivery figures for whether the production ramp can actually service this backlog.
Updated with a Benzinga report · What changed
Updates
· Benzinga — Boeing shares rose 1.12% to $175.25 in premarket trading after the Avolon order.
- Lessors have ordered more than 1,450 737 MAX aircraft overall, about 20% of Boeing's backlog.
- Avolon CEO Andy Cronin: "We continue to see strong demand for new technology aircraft, and this order further strengthens our long-term delivery pipeline."
At the time of this announcement, BA was trading at $173.39 on NYSE in the Manufacturing sector, with a market capitalization of approximately $137.3B. The 52-week trading range was $165.01 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.