AerCap Expands Boeing 787 Fleet with $3 Billion Order
Event summary
- AerCap ordered 15 Boeing 787-9 Dreamliners, expanding its fleet to ~140 aircraft.
- Deliveries scheduled through 2033 with substitution rights for the larger 787-10 variant.
- GE Aerospace's GEnx-1B engines selected to power the new aircraft.
- Order announced at the 2026 Farnborough International Air Show.
The big picture
This order reinforces AerCap's dominance in aircraft leasing and Boeing's position in the widebody market. The deal reflects confidence in long-haul travel recovery post-pandemic, with fuel efficiency becoming a key differentiator. At ~$200 million per aircraft, this represents a $3 billion commitment to modernizing global airline fleets.
What we're watching
- Fleet Utilization
- How AerCap will deploy these aircraft to meet growing demand for fuel-efficient widebodies.
- Substitution Flexibility
- Whether airlines will prefer the larger 787-10 variant as route networks expand.
- Delivery Timing
- The pace at which Boeing can fulfill this order amid potential production constraints.