FIA16: Boeing and Standard Chartered Bank announce order

Boeing 737

Boeing and Standard Chartered Bank today announced an order for 10 Next-Generation 737-800s, which is value at $960 million and was attributed to an unidentified customer on the US aircraft manufacturer’s orders and deliveries website.

Speaking at the 2016 Farnborough International Airshow, Standard Chartered head of aviation finance, Kieran Corr says: “We are excited about adding these new Boeing aircraft to our fleet. Our current portfolio consists of over 110 aircraft on operating lease to airline clients globally. We are committed to continuing to grow and diversify our client base over the next couple of years.

“We are investing to leverage our global and leasing capabilities to demonstrate our commitment to key clients by providing aircraft on operating lease to meet increasing air traffic demand across some of the world’s fastest growing regions.

“With deliveries through 2018, these new Boeing Next-Generation 737-800s will help us meet near-term client demand and expand our client base in our core markets, such as North East Asia.”

“Our key markets are Asia, Africa and the Middle East, with a focus on emerging markets,” adds Corr. “We want to help the aviation sector grow in those markets to drive regional trade and investment and we can only do that with an expanded diversified fleet.”

“We’re proud that Standard Chartered has chosen the Next-Generation 737 to grow its Aviation Finance business,” says Boeing Commercial Airplanes president and chief executive officer, Ray Conner. “They’ve had great success in the past with 717s and 737 Classics, and we’re pleased to welcome them back to Boeing.”