Boeing announced on Tuesday that Air Lease Corporation (ALC) will purchase 60 next-generation 737-800s. The agreement includes 54 firm orders and six options and will be delivered through 2017.

“We have selected the Boeing Next-Generation 737-800 as a cornerstone of our growing commercial aircraft lease fleet. The 737-800 represents an opportunity for our wide range of airline clients to operate this most economical, fuel efficient and versatile 150-189 passenger airplane, on a wide variety of airline missions profitably,” said Steven F. Udvar-Hazy, chairman and CEO of Air Lease Corporation.

The 737 family is the world’s best-selling airplane because of continued airline confidence in its ability to deliver outstanding, dependable operational and financial performance across the widest wide range of missions.

ALC was founded five months ago by Steven Udvar-Hazy, the well-respected founder and former head of International Lease Finance Corp.

“The Air Lease Corporation team has a proven track record in global aircraft leasing – with great leaders in Steve Hazy and John Plueger. They are well positioned for success,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes.

The announcement came during the celebration of the Farnborough International Airshow in England.