Boeing has announced an order valued at £4.6 billion from Air Lease Corporation (ALC) at Farnborough air show.

The order consists of 75 737 Max short-haul jets which takes the total order of 737 jets to 539 which still lags behind orders for Airbus A320neo orders.

Airbus currently outperforms Boeing with over 1,300 orders for the new A320 however the company is expected to close the lead with multiple potential buyers of new craft in 2012.