Jackson Square Aviation (JSA) announced the leasing company has ordered 30 737 MAX 8 airplanes in its first direct purchase from a jet maker. The order is worth $3.5 billion at current list prices.
Since its founding in 2010, San Francisco-based Jackson Square Aviation has grown by buying new technology airplanes from airlines globally through sale-leaseback financing and pre-delivery payment financing agreements. JSA has built a portfolio of more than 180 jets with long and balanced lease terms placed with 49 customers in 27 countries.
Toby Bright, CEO, Jackson Square Aviation
“Today’s order is an exciting moment in the history of Jackson Square Aviation, We are excited to become even more of a full-service partner for our airline customers by expanding our fleet of 737 MAX airplanes as global demand for narrow-body jets continues to rise. The MAX is quickly becoming an important part of our portfolio and we look forward to offering this modern, fuel-efficient and reliable aircraft to airlines around the world. We have carefully evaluated how speculative orders can enhance our long-term business model, and this transaction signifies the next step in that development.”
Ihssane Mounir, Senior vice president, Commercial Sales & Marketing, Boeing
“Jackson Square Aviation has reached significant heights since its founding, having financed more than 100 Boeing airplanes. We are proud to have been their partner and we are extremely honored that JSA has chosen to expand its business on the wings of the 737 MAX, The 737 MAX is the best airplane in the single-aisle segment. It will provide Jackson Square Aviation’s customers with exceptional efficiency, improved range and unmatched reliability.”
JSA chose the 737 MAX 8, which offers 162 to 178 seats in a standard two-class configuration and flies up to 3,550 nautical miles (6,570 kilometers).