FARNBOROUGH: ALC to built on 737-800 success with Max

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Air Lease hopes its recent Max order will mimic the residual value performance of its Boeing 737-800 fleet.

The lessor, which placed an order for 60 Boeing 737 Max 8 and 15 737 Max 9 as well as 25 options earlier today, will take delivery of the -8 version first in 2018.

ALC's president and chief commercial officer John Plueger says the 737-800 is perceived by financiers as the "best aircraft" for residual value retention.

"We hope with this Max order that we will build upon the success of the 737-800," he says.

Before the Max announcement ALC's 181-aircraft orderbook included 77 737-800s, according to Flightglobal's Ascend Online database.

The operating lessor is scheduled to deliver its 737-800 aircraft fleet through 2017 and will switch to the 737-8 model the following year.

Plueger says ALC has the flexibility to switch between the -8 and the -9 variants. "It is an important feature in the contract to be able to switch between the model. However today our firm order reflects the market conditions," he says.