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AerCap Signs Lease Agreements With Air Europa for Five Boeing 787-9 and 10 737-8 MAX Airplanes

AerCap Holdings has today signed long-term lease agreements with Air Europa for five Boeing 787-9s and 10 Boeing 737-8 MAX aircraft for delivery from 2024 through 2026. Air Europa will become the first Spanish Boeing 737 MAX operator.

Air Europa Boeing 787-9 and 737-8 MAX Rendering - Courtesy AerCap

On Monday (August 29, 2022), AerCap Holdings N.V. announced the placement of five Boeing 787-9 Dreamliners and 10 Boeing 737-8 MAX aircraft with Air Europa on long-term lease. The aircraft will be delivered between 2024 and 2026, making Air Europa the first Spanish operator of the 737 MAX.

In Monday’s announcment,

AerCap’s Chief Commercial Officer, Peter Anderson, said,

“Air Europa has been a long-time friend and valued customer of AerCap. With this landmark transaction for the airline, we are delighted to reconfirm our belief in the Air Europa business and management team and wish them every success with their fleet modernization program. The future is bright for the Boeing 787 and MAX programs. For Air Europa these new technology fuel-efficient aircraft will provide improved cost efficiencies and help them to meet their sustainability commitments. We thank the team at Air Europa for the confidence they have placed in AerCap, and we look forward to working together as these aircraft deliver.”

Also commenting on the new lease agreements, Air Europa’s Managing Director, Richard Clark, added,

“We are very pleased to reach this agreement with AerCap, with whom we have a long and successful relationship. It reinforces our strategy of unifying the fleet around the most modern, efficient, and sustainable models in the industry. Once again, we are pioneers. Just as we were the first Spanish company to incorporate the Boeing 787 Dreamliner, we are now doing the same by adding the new Boeing 737 MAX to our fleet.”

Air Europa is a member of the global SkyTeam alliance, which is made up of 19 airlines, that serve over 630 million passengers annually. The carrier maintains a modern fleet of over 35 aircraft with an average age of less than 4.0 years, one of the youngest fleets on the continent. Air Europa is committed to environmental conservation, and in 2018 was rated as the most environmentally efficient European network airline by Germany’s Atmosfair.

AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 300 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Miami, Memphis, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse, and other locations around the world.

Source(s): AerCap, Air Europa


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