Air Lease Corporation (ALC) will purchase up to 60 next-generation 737-800s from Boeing, the firm announced at the Farnborough Air Show in the UK.

The agreement includes 54 firm orders and six options, and Boeing plans to deliver the aircraft through 2017.

ALC chairman and CEO Steven F Udvar-Hazy said that the Boeing next-generation 737-800 had been selected as a cornerstone of ALC’s 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,” he said.