Boeing’s Max gets fresh boost with order from leasing firm

Boeing’s 737 Max got a boost from the jet-leasing sector after Dubai Aerospace Enterprise announced a deal for 15 aircraft, adding to evidence that demand is reviving after the model’s near two-year grounding. The order for the Max 8 variant is worth about $1.8b at list prices and represents the first direct acquisition of the plane by the Middle East’s biggest lessor, whose previous deals have involved purchases from airlines. DAE’s order suggests that the Max may have turned a corner with leasing firms. The narrow-body model has seen a revival of interest from carriers after its return to service following two fatal crashes, including a 100-plane deal from Southwest. But it has also suffered a painful run of order cancellations from lessors affecting aircraft not yet placed with end users. DAE is “confident in the success” of the Max as domestic and regional air travel begins to recover from the coronavirus crisis, CEO Firoz Tarapore said Tuesday. Leasing companies including AerCap Holdings, Avolon and SMBC Leasing Co. canceled or delayed Max deliveries in 2020 as the pandemic prompted crippling travel bans. Air Lease Corp. said last month that the trend was beginning to turn, with carriers asking to reactivate orders amid a pickup in demand.<br/>