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Farnborough: Jackson Square Aviation Orders 30 737MAX8s – Becomes 100th Customer

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Farnborough: Jackson Square Aviation Orders 30 737MAX8s – Becomes 100th Customer

Farnborough: Jackson Square Aviation Orders 30 737MAX8s – Becomes 100th Customer
July 16
05:47 2018

FARNBOROUGH — Aircraft leasing company Jackson Square Aviation has become the 100th customer of the 737MAX.

The company has ordered 30 737MAX8s, at list prices of $3.5 billion respectively. The deal was announced at a signing ceremony at the airshow.

Previously, the order was previously unidentified on Boeing’s order book.

READ MORE: Farnborough: United Airlines Signs for 25 Embraer E175s

Toby Bright, JSA’s chief executive officer commented on the milestone:

“Today’s order is an exciting moment in the history of Jackson Square Aviation.”

“We are excited to become even more of a full-service partner for our airline customers by expanding our fleet of 737 MAX airplanes as global demand for narrow-body jets continues to rise.”

“The MAX is quickly becoming an important part of our portfolio and we look forward to offering this modern, fuel-efficient and reliable aircraft to airlines around the world.”

“We have carefully evaluated how speculative orders can enhance our long-term business model, and this transaction signifies the next step in that development,” he concluded.

READ MORE: Farnborough: Goshawk Aviation Limited Orders 20 A320neos

“We are proud to support this important transaction between Jackson Square Aviation and Boeing,” said Naoki Sato, the managing executive officer of Mitsubishi UFJ Lease & Finance Company (MUL) and the chairman of Jackson Square Aviation.

“This order reflects our strong confidence in the continued growth of the aviation sector and in the leadership of JSA,” Sato added.

READ MORE: Farnborough: Boeing and Embraer Discuss Partnership

Ihssane Mounir, Senior Vice President of Commercial Sales & Marketing for The Boeing Company, shared:

“Jackson Square Aviation has reached significant heights since its founding, having financed more than 100 Boeing airplanes.”

We are proud to have been their partner and we are extremely honored that JSA has chosen to expand its business on the wings of the 737 MAX.”

“The 737 MAX is the best airplane in the single-aisle segment. It will provide Jackson Square Aviation’s customers with exceptional efficiency, improved range, and unmatched reliability,” Mounir determined.

READ MORE: Farnborough: Aerospace Industry Valued at $685.6 Billion

Jackson Square Aviation was founded in 2010 and is based in San Francisco. They have around 180 jets in their fleet and are leased out to 49 customers across 27 countries.

The 737MAX8, which offers 162-178 seats in a two-class config, will help penetrate the market for customers wanting to fly up to 3,500 nautical miles and generate fuel savings of 14% over their predecessors.

It is a significant milestone for the 737MAX. As they have hit their 100th customer, it no doubt shows the level of commitment that there is to the program, especially as we enter a world where fuel efficiency and other elements are starting to count even further.

The leasing firm states that it plans to take delivery of these aircraft between 2023 and 2025.

Airways is LIVE at the Farnborough Airshow 2018. Follow our rolling coverage on Twitter at @AIRWAYSLIVE and @AIRWAYSMAGAZINE.

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James Field

James Field

James is a passionate AvGeek based in Manchester, U.K who has been actively spotting for years. James has been an Aviation Enthusiast for 8 years and has a fond likening to Concorde! James hopes to grow in the aviation industry with journalism being his primary focus.

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