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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.

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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