Lease orders 10 Boeing 777 aircraft


Air Lease Corp. says it's ordered 10 long-range Boeing planes that carry a combined list price of $3.2 billion.

The companies did not disclose financial terms. Airlines and other customers frequently get discounts off the list price.

Air Lease ordered Boeing's 777-300ER, large planes that typically seat more than 300 passengers and are used on international routes. The ER in the name stands for extended range.

The Los Angeles-based company leases planes to airlines. President and Chief Operating Officer John L. Plueger says the order would help Air Lease meet the airlines' growing demand for long-haul planes.

Air Lease has ordered 185 planes from Boeing, mostly versions of the single-aisle 737 that is a workhorse of domestic U.S. fleets.

Boeing has delivered more than 1,000 of the twin-engine 777s since its introduction in the 1990s.

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