17 April 2020 — Norwalk, Conn
GE Capital Aviation Services (GECAS) and the Boeing Company (Boeing) have mutually agreed to rebalance the lessor’s skyline orderbook for 737 MAX aircraft.
GECAS President and CEO Greg Conlon said, “Today’s agreement will help GECAS better align our available fleet with the needs of our global customer base. We remain fully committed to the 737 MAX program and our valuable, long-term partnership with Boeing.”
While the details of the agreement are confidential, it includes the termination of orders for 69 undelivered 737 MAX aircraft from GECAS’ orderbook. GECAS maintains 29 MAX aircraft in its fleet and 82 on order, making it among Boeing’s largest lessor customers for this family of aircraft.