Boeing, Standard Chartered Announce Order For 10 Next-Generation 737-800S Worth US$960 Mln

KUALA LUMPUR, July 12 (Bernama) -- Boeing and Standard Chartered Bank Tuesday announced an order for 10 Next-Generation 737-800s, valued at US$960 million (US$1=RM4.00), at current list prices. The announcement made at the 2016 Farnborough International Airshow, United Kingdom, was attributed to an unidentified customer on the Boeing Orders & Deliveries website, said Boeing in a statement issued here Tuesday. Standard Chartered Head of Aviation Finance Kieran Corr said the banking group was commited to continuing to grow and diversify its 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", he said. With deliveries through 2018, these new Boeing Next-Generation 737-800s would help to meet near-term client demand and expand its client base in its core markets, such as North East Asia, said Corr. "Our key markets are Asia, Africa and the Middle East, with a focus on emerging markets. 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," he added. Its current portfolio consists of over 110 aircraft on operating lease to airline clients, globally. Standard Chartered's aviation finance business is a leading provider of cost-efficient, lease-based and asset-based financing solutions with specialist teams in Dublin, London, Hong Kong and Singapore. Its solutions include sale and leasebacks; aircraft finance leases; Islamic finance leases; capital market solutions; fuel and interest rate hedging products; and export credit advisory. -- BERNAMA