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.