SMBC Aviation Capital Orders 100 Boeing 737 MAX Jets, Including First 737-10s
BA sits 22% above its 52-week low of $176.77.
Summary
SMBC Aviation Capital, a top global lessor, has placed a firm order for 100 Boeing 737 MAX jets—60 of the larger 737-10 variant and 40 737-8s. This is SMBC's first order for the 737-10 and the single largest 737-10 order by any lessor, bringing its total MAX commitment to 450 aircraft. The deal underscores robust demand from leasing companies, which now account for 20% of the 737 MAX backlog, and supports Boeing's push to ramp production toward record levels. It follows a series of strong order signals this year, including a 200-jet China deal and a surge in April orders, reinforcing the commercial aerospace recovery. The order provides long-term visibility for Boeing's narrowbody output and validates the 737-10's per-seat economics for lessors seeking to upgauge their portfolios.
At the time of this announcement, BA was trading at $215.95 on NYSE in the Manufacturing sector, with a market capitalization of approximately $168.7B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.