Valued at approximately $921 million at average list prices, the Avolon order was posted to Boeing's Orders and Deliveries website in December 2009 and attributed to an unidentified customer.

"Avolon's order is especially significant because it is a brand-new player in the leasing industry, having just launched in May and established offices around the world," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "Avolon's selection of the 737 is another indicator of the 737's value to airlines and investors. Their entry into the marketplace is another signal that both the aviation industry and the air transport sector are recovering - and that's good news for all of us."

"This order represents a further step towards our stated strategy of developing Avolon as a global leader in aircraft leasing," said Domhnal Slattery, Avolon CEO. "Having our own delivery stream of new aircraft is a natural complement to our sale and leaseback and other financing capabilities. At a value of close to $1 billion the order reflects both the scale of our ambition and the strength of our financial backing."

The Next-Generation 737-800 is the best-selling version of the 737 family. Known for its reliability, fuel efficiency and economical performance, the 737-800 is selected by leading carriers throughout the world because it provides operators the flexibility to serve a wide range of markets. The 737-800 seats between 162 and 189 passengers. It can fly 235 nautical miles farther and has 5.4 percent lower fuel consumption per seat while carrying 12 more passengers than the competing model in a two-class configuration.

About Avolon
Headquartered in Ireland, with offices in New York, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon launched in May 2010, announcing it has successfully completed its initial capital raise of $1.4 billion including an equity commitment of $750 million from three of the world's leading private equity firms, Cinven, CVC Capital Partners and Oak Hill Capital Partners. Avolon's objective is to become a leading player in the global aircraft-leasing sector. The Avolon management team has a proven track record in aircraft leasing and has an extensive network of established senior industry relationships across the airline, manufacturer and aviation banking sectors. The team has significant experience in delivering innovative sale and leaseback and financing transactions to the world's airlines

Boeing Statement on Air Lease Corporation Agreement for Up to 60 Next-Generation 737s

FARNBOROUGH, United Kingdom, July 20 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) today announced that new leasing company Air Lease Corporation (ALC) will purchase up to 60 Next-Generation 737-800s.
The agreement includes 54 firm orders and six options, with delivery scheduled through 2017. Boeing looks forward to finalizing the details of the agreement, at which time it will be posted to the Boeing Orders & Deliveries website.

"We have selected the Boeing Next-Generation 737-800 as a cornerstone of our growing commercial aircraft lease fleet. The 737-800 represents an opportunity for our wide range of airline clients to operate this most economical, fuel efficient and versatile 150-189 passenger airplane, on a wide variety of airline missions profitably," said Steven F. Udvar-Hazy, chairman and CEO of Air Lease Corporation. "This order with Boeing will continue this management team's tradition of working closely with Boeing since 1977."

"It is impressive that only five months after launching Air Lease Corporation in February, they are placing an order for 60 Next-Generation 737s," said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. "The Air Lease Corporation team has a proven track record in global aircraft leasing - with great leaders in Steve Hazy and John Plueger. They are well positioned for success."

The Next-Generation 737 family is the world's best-selling airplane because of continued airline confidence in its ability to deliver outstanding, dependable operational and financial performance across the widest wide range of missions.

Demand for the Next-Generation 737 has led Boeing to announce two production rate increases, leading to the highest-ever production rates for the airplane by 2012.

About Air Lease Corporation
Air Lease Corporation (ALC), based in Los Angeles, California, was founded in February, 2010, and is led by two airline industry veterans, Steven F. Udvar-Hazy and John L. Plueger. ALC is a well capitalized and airline customer focused operating lessor and market-maker, committed to providing optimized jet fleet solutions to airline clients worldwide.

Boeing, Okay Airways Finalize Order for 10 Next-Generation 737-800s

FARNBOROUGH, United Kingdom, July 20, 2010 -- Boeing (NYSE: BA) announced at the Farnborough International Airshow an order with Okay Airways, the first privately owned airline in China, for 10 Next-Generation 737-800s. The order, valued at $800 million at current list prices, was previously recorded on Boeing's Orders & Deliveries website as an unidentified customer.

"Okay Airways is a firm believer in the Next-Generation 737-800, which is the backbone of our fleet and has proved its reliability and efficiency on a daily basis," said Wang Shusheng, chairman of Okay Airways. "The new additions will help us expand our domestic routes and even explore regional markets."

Okay Airways, an all-Boeing operator, obtained Civil Aviation Administration of China's (CAAC) approval and started commercial operation in March 2005. Okay Airways is headquartered in Beijing and uses Tianjin Binhai International Airport as its fleet base.
It currently operates four 737s, including three 737-800s and one 737-300 converted freighter, on trunk routes with direct flights to more than 20 domestic destinations.

Okay Airways also will lease four 737-800s this year, and plans to expand its fleet by leasing five 737-800s each year prior to the new delivery.
"Okay Airways has been a dedicated operator of Boeing 737s since it was established. Boeing is honored that 10 more 737-800s will join Okay Airways' fleet to support its strategy in this fast-growing market," said Marlin Dailey, vice president of Sales & Marketing, Boeing Commercial Airplanes. "We look forward to continuing our partnership with Okay Airways, which started with the Next-Generation 737-800."

Boeing announced in June that it will increase production rates on the Next-Generation 737 program to 35 airplanes per month in 2012 to meet continued strong demand for the airplane. The Next-Generation 737 family has more than 2,000 unfilled orders from customers around the world. The Boeing 737-800 is the best-selling version of the successful Next-Generation 737 family.

Boeing, Air Austral Announce Orders for Two 777-200LRs
FARNBOROUGH, United Kingdom, July 21 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) and Air Austral today announced orders for two Boeing Long Range 777-200LR Worldliners. The order is valued at $501 million at average list prices. The airplanes were previously listed on Boeing's Orders & Deliveries website as unidentified.

Air Austral is a French airline based on the island nation of Reunion. Reunion is a vacation locale in the South Indian Ocean and is renowned by outdoor adventurers for its mountainous volcanic interior. Boeing's 777 is touted by travelers to the island for its spaciousness and comfort on long-haul routes and is the overwhelming airplane of choice for inhabitants of and visitors to the island.

"The 777-200LR is the only wide-body airplane that can fly non-stop to Paris with a full payload from our short runway on the island of Mayotte," said Gerard Etheve, Air Austral chairman of the Board and CEO. "Because we currently operate 777-200ERs, the introduction of the 777-200LR to our fleet is an easy transition offering the same award-winning passenger experience, while using the same air crews and common operational support systems."

"Air Austral has a long experience with Boeing products," said Marlin Dailey, vice president of Sales for Boeing Commercial Airplanes. "Its current fleet of two 777-300ERs, three 777-200ERs and two 737s consistently delivers superior economic value and schedule reliability."

In addition, Air Austral will receive two new 737-800s at the end of 2010, a third leased 777-300ER early next year as well as these two new 777-200LR in mid-2011 and 2012. The long-range 777-200LRs will add performance and capacity to help Air Austral meets its growth objectives.
The 777-200LR Worldliner is the newest passenger version of the 777 with a range of 9,395 nautical miles (17,395 km). It can connect virtually any two cities in the world nonstop. As shown in this example, the 777-200LR also has the best performance on long routes originating from short runways.