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updated: 10/30/2012 8:45 AM

Boeing to sell 35 new 737 airplanes to Russia

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Associated Press

NEW YORK -- Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company in a deal that would be worth $3 billion, if sold at current list prices.

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.

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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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