As part of the deal the Irish plan leasing company will purchase six 787-9 Dreamliners and five 737 MAXs from Boeing. The deal will increase Avolon's 737 MAX portfolio to 20 airplanes.
"Our investment strategy is focused on building a portfolio of young, modern and fuel-efficient commercial aircraft," Avolon CEO Domhna Slattery said in a press release. "This order for six Boeing 787-9 aircraft, when combined with our ongoing sale and leaseback investments in the 787 family, reflects our commitment to our customers to have a product offering built around the latest and most technically advanced aircraft available in the market."
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TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."