: Boeing receives order for 40 737 MAX planes from leasing company Avolon

Shares of Boeing Co. BA edged up 0.2% in premarket trading Tuesday after the aerospace and defense giant announced an order for 40 737 MAX planes from Dublin-based aircraft leasing company Avolon. Boeing’s announcement comes from the Paris Air Show. The company said the order was not previously identified on its orders and deliveries website. “This order demonstrates the popularity of the 737-8 among the leasing community and the demand they are seeing from their customers for this airplane model,” said Stan Deal, chied executive officer of Boeing Commercial Airplanes. Boeing and Avolon have a long-standing relationship, as Avolon took delivery of the 1,000th 737 MAX plane last year. Boeing’s stock has rallied 15.5% year to date through Friday, while the Dow Jones Industrial Average DJIA has tacked on 3.5%.

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