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Originally published October 30, 2012 at 5:15 AM | Page modified October 30, 2012 at 9:03 PM

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Boeing to sell 35 737 MAX airplanes to Russia

Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company.

The Associated Press

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NEW YORK —

Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company.

The deal would be worth $3 billion, if sold at current list prices, though data from aircraft valuation firm Avitas pegs the value after standard market discounts at about $1.5 billion.

The deal with Aviation Capital Services LLC, a subsidiary of State Corporation Russian Technologies, marks the first commitment for the new 737 from Russia and the Commonwealth of Independent States.

Boeing, based in Chicago, says it's working with Aviation Capital Services to finalize the details of the agreement.

The redesigned 737, which Boeing calls the MAX, is a new version of the classic 737 equipped with a more efficient engine to lower fuel costs.

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