January 13, 2026
Finance

Aviation Capital Group Expands Boeing 737 MAX Holdings with Significant 50 Jet Acquisition

New order elevates lessor's 737 MAX fleet, solidifying leadership in 737-10 variant among leasing companies

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Summary

Aviation Capital Group LLC has significantly increased its Boeing 737 MAX order backlog with a fresh order of 50 aircraft, split evenly between the 737-8 and 737-10 models. This acquisition pushes ACG's total 737 MAX orders to 121 jets, making it the leading lessor in 737-10 commitments. The Boeing 737 MAX series continues to be a strategic asset for short- and medium-haul aviation due to its efficiency and operational flexibility, a key focus for aircraft lessors seeking robust, versatile fleets.

Key Points

Aviation Capital Group LLC has placed an order for 50 Boeing 737 MAX aircraft, split evenly between the 737-8 and 737-10 variants.
This purchase raises ACG’s total 737 MAX order book to 121 aircraft, making it the largest lessor commitment for the 737-10 model.
The Boeing 737 MAX family is prized for its efficiency and route flexibility on short- and medium-haul flights, appealing strongly to aircraft lessors worldwide.
Earlier in the year, Alaska Air Group secured its largest-ever order with Boeing, acquiring 105 737-10 jets and five 787 Dreamliners.

Aviation Capital Group LLC (ACG) has bolstered its portfolio of Boeing 737 MAX aircraft with a substantial order for 50 new jets, comprised equally of 25 Boeing 737-8 and 25 Boeing 737-10 models. This recent procurement elevates ACG's total orders for the 737 MAX series to 121 aircraft, positioning it as the lessor with the largest order book for the 737-10 variant.


The Boeing 737 MAX family is recognized by airlines and lessors alike for its cost efficiencies and adaptability on short- and medium-haul routes. These qualities enhance the aircraft’s appeal, providing operational flexibility that aligns well with the dynamic demands of global aviation markets. Lessors have demonstrated strong interest in the series, collectively ordering close to 1,300 jets, which represent approximately 20 percent of Boeing’s total 737 MAX backlog.


Brad McMullen, Boeing's senior vice president of Commercial Sales and Marketing, emphasized ACG’s role as a valued partner, highlighting the significance of the repeat order in continuing a longstanding collaboration. McMullen expressed anticipation for further strengthening the partnership, particularly as Boeing prepares to deliver the first 737-10 units to ACG.


Thomas Baker, chief executive officer and president of ACG, underlined the strategic advantage the new order provides to the firm’s global clientele. Baker noted the secured delivery timeline extending from 2026 through 2033, allowing ACG to support its customers' growth plans while offering the dual versatility of the 737-8 and the 737-10 models. The extended delivery window ensures that ACG can maintain a steady fleet enhancement schedule, responding to evolving market demands with flexibility.


Boeing's upcoming financial disclosure for the fourth quarter of 2025 is scheduled for January 27, an event that industry observers anticipate for indications on broader commercial aircraft sales and production updates.


In a related development earlier this year, Boeing secured a major contract with Alaska Air Group, Inc. The agreement encompasses a record-breaking order of 105 Boeing 737-10 aircraft, the largest in the 737 MAX family, complemented by five Boeing 787 Dreamliners. This milestone underscores Boeing's continued appeal to major airline customers seeking to modernize and expand their fleets.


On the market front, Boeing’s shares exhibited a modest decline of 0.27 percent, trading at $239.17 in early Tuesday premarket activity. The stock remains close to its 52-week pinnacle price of $242.68, indicating sustained investor interest amid ongoing commercial aviation developments.


Overall, ACG’s latest firm order reiterates the integral role aircraft lessors play in the commercial aviation supply chain, enabling airlines to operate newer, fuel-efficient fleets without immediate capital expenditure on aircraft purchases. The balanced acquisition of both 737-8 and 737-10 models reflects ACG’s strategic intent to optimize fleet composition for diverse route requirements and customer preferences.


The 737 MAX series continues to be a cornerstone for lessors who prioritize efficiency and operational flexibility. As ACG enhances its holdings, it reaffirms confidence in Boeing's flagship narrow-body jets’ market position and their enduring value proposition amid competitive industry dynamics.

Risks
  • Boeing's stock price can be volatile, as reflected in the slight premarket decline despite near 52-week highs, exposing investors to market fluctuations.
  • The 737 MAX backlog heavily depends on lessor orders, which comprise about one-fifth of total demand, making Boeing somewhat reliant on lessor purchasing trends.
  • Delivery schedules extending through 2033 require sustained production efficiencies and market demand over an extended period, introducing execution and market risk.
  • The commercial aviation market faces inherent uncertainties that could impact aircraft orders and deliveries, such as changing airline demand or broader economic factors, though such details are not specified here.
Disclosure
Education only / not financial advice
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