Latest news with #Boeing737-8s
The Star
01-08-2025
- Business
- The Star
Malaysia committed to purchase 30 more Boeing aircraft worth US$9.5bil from US
The Boeing logo is displayed at the company's factory, Sept. 24, 2024, in Renton, Washington. - AP KUALA LUMPUR: Malaysia is committed to purchasing an additional 30 Boeing aircraft in the second phase, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. He said the purchase of the additional aircraft was part of reciprocal negotiations between Malaysia and the United States (US). "In addressing trade deficit with the US, the government will make major procurements including the purchase of Boeing aircraft. Malaysia Aviation Group (MAG) is committed to purchase 30 Boeing aircraft valued at US$9.5 billion in the first phase and an additional 30 Boeing aircrafts valued at US$9.5 billion for the second phase,' he said during a special press conference regarding the tariff announcement by the United States. The US had earlier announced a reduction in tariffs on Malaysian exports to 19 per cent from the announced 25 per cent. Previously, MAG had announced the purchase of new Boeing aircraft to strengthen Malaysia's position as a major player in the global aviation industry. MAG had announced the acquisition of 30 new aircraft directly from Boeing as part of its aircraft modernisation strategy. The order includes 18 Boeing 737-8s and 12 Boeing 737-10s powered by CFM LEAP-1B engines with an option for 30 more 737s. The orders for hundreds of Boeing jets were announced through deals with Japan, the United Arab Emirates, Indonesia, Cambodia, Bangladesh and other countries as part of negotiations to reduce US tariffs. - Bernama
The Sun
01-08-2025
- Business
- The Sun
Malaysia to buy 30 more Boeing jets worth US$9.5 billion
KUALA LUMPUR: Malaysia has reaffirmed its commitment to purchase an additional 30 Boeing aircraft worth US$9.5 billion, marking the second phase of a major procurement deal with the United States. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz confirmed the move as part of reciprocal trade negotiations between the two nations. 'The government is addressing the trade deficit with the US through strategic procurements, including these aircraft purchases,' he said during a press conference following the US tariff adjustment announcement. The US recently reduced tariffs on Malaysian exports from 25 per cent to 19 per cent. Malaysia Aviation Group (MAG) had earlier committed to buying 30 Boeing jets valued at US$9.5 billion in the first phase. The latest order brings the total investment to US$19 billion. The initial purchase included 18 Boeing 737-8s and 12 Boeing 737-10s, powered by CFM LEAP-1B engines, with an option for 30 additional aircraft. This deal aligns with Malaysia's strategy to modernise its aviation fleet and strengthen its position in the global aviation market. Similar agreements have been struck with Japan, the UAE, Indonesia, Cambodia, and Bangladesh as part of broader negotiations to lower US tariffs. - Bernama
Business Wire
08-07-2025
- Business
- Business Wire
Air Lease Activity Update for the Second Quarter of 2025
LOS ANGELES--(BUSINESS WIRE)--Air Lease (NYSE: AL) announced an update on aircraft investments, sales, and other activities occurring in the second quarter of 2025. As of June 30, 2025, AL's fleet was comprised of 495 owned aircraft and 53 managed aircraft, with 241 new aircraft on order from Airbus and Boeing set to deliver through 2031. Aircraft Investments Delivered 12 new aircraft from AL's orderbook including six Airbus A220s, one A321neo, two Boeing 737-8s, one Boeing 787-9, and two Boeing 787-10s. Aircraft investments totaled approximately $890 million, with the majority occurring in the second half of the quarter. Sales Sold 4 aircraft to third-party buyers. Aircraft sales proceeds for the quarter totaled approximately $126 million. Russia Fleet Insurance Settlements Recognized a net benefit of $344 million from the settlement with certain insurers of insurance claims related to our former Russian fleet. About Air Lease (NYSE: AL) Air Lease is a leading global aircraft leasing company based in Los Angeles, California. Air Lease and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the 'Investors' section of its website at Investors and potential investors are encouraged to consult Air Lease's website regularly for important information. The information contained on, or that may be accessed through, Air Lease's website is not incorporated by reference into, and is not a part of, this press release.
Bloomberg
21-03-2025
- Business
- Bloomberg
Malaysia Airlines Orders Up to 60 Boeing Jets to Revamp Fleet
Malaysia Airlines has ordered up to 60 planes from Boeing Co. as the carrier looks to overhaul its aging narrow-body fleet. The airline has ordered 18 Boeing 737-8s and 12 Boeing 737-10s, with deliveries set to start in 2029, Chief Executive Officer Izham Ismail said on Friday. The carrier has options for 30 additional 737s, he said.
