Boeing, Tibet Financial Leasing In Deal For 20 737 MAX Airplanes Worth $2.5 Bln

Shutterstock photo

(RTTNews.com) - Boeing Co.( BA ) announced Monday that it has signed a Memorandum of Understanding with Tibet Financial Leasing for 20 737 MAX airplanes at the 2017 Paris Air Show. The airplanes, including 737 MAX 10 and 737 MAX 8 airplanes, are valued at approximately $2.5 billion at current list prices.

Tibet Financial Leasing was established as the first financial leasing company in Tibet Autonomous Region in 2015, with approval from China Banking Regulatory Commission.

Wang Yanjun, President of Tibet Financial Leasing, said, "Our intention to purchase the 737 MAX reflects the strong customer feedback we have received. It is natural to start our aviation leasing business with the fastest-selling airplane in Boeing history. We are confident that our customers will be satisfied with the efficiency, economics, flexibility and passenger comfort that the 737 MAX promises to deliver."


This article appears in: Stocks , Politics
Referenced Symbols: BA

More from RTT News


See headlines for BA

Research Brokers before you trade

Want to trade FX?