GE Capital Aviation Services (GECAS) and Boeing have finalised an agreement first announced in July this year covering the purchase of 74 Boeing 737s and 777s valued at around $5.5 billion.

The deal covers 59 737s, 10 777-200LR/300ER longer range derivatives and five 777-200ERs.

In addition, GECAS has taken options and purchase rights for 10 777 longer range models, seven 777-200ERs and 44 737s.

This brings the total number of aircraft involved to 135. Deliveries are scheduled to take place between 2002 and 2007.

General Electric Aircraft Engines, which stands to receive the lions share of the order - if not all of it - says the engines in the firm orders are worth approximately $1 billion.

Source: Flight International