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AerCap Signs Lease Agreements With EL AL for Two New Boeing 787-9 Dreamliners

AerCap has today signed lease agreements wit EL AL for two new Boeing 787 Dreamliners, with deliveries scheduled for Q4 2025 and Q1 2026. AerCap is the world’s largest 787 owner with 126 Dreamliners owned, managed or on order.

EL AL Boeing 787-9 Dreamliner - Courtesy Boeing

On Tuesday (June 20, 2023), from the Paris Air Show, AerCap Holdings announced the lease placement of two new Boeing 787-9 Dreamliners with EL AL. The aircraft are scheduled to be delivered during Q4 2025 and Q1 2026. Founded in 1948 as Israel’s national carrier, EL AL operated their first scheduled passenger revenue flight in 1949. In 1950, the carrier began service between Tel Aviv and New York. Currently, EL AL serves over 60 international destinations in more than 35 countries. This year, the carrier is celebrating their 75th anniversary, along with the State of Israel.

Speaking at the signing ceremony today at the Paris Air Show, AerCap’s Chief Executive Officer, Aengus Kelly, said,

“AerCap is delighted to partner with EL AL on this deal following the long history of successful cooperation between our two companies. We are very pleased to support EL AL's ongoing fleet modernization program with the lease of these two new 787s and help them meet their sustainability commitments. We wish Dina Ben Tal Ganancia and all the team at EL AL continued success.”

Also commenting on the new 787-9 lease agreements, EL AL’s Chief Executive Officer, Dina Ben Tal Ganancia, said,

“As part of EL AL’s strategic implementation plan, we signed an important agreement today for the lease of two new 787-9 Dreamliners, that will join EL AL's wide-body fleet in 2025 and 2026. These advanced aircrafts will be the 18th and 19th aircraft in our fleet. In order to meet our business goals, set in the strategic plan, we are required to adjust our acquisition plan, and I am pleased to sign this agreement today, which is another step towards realizing the goals for our fleet. These aircraft enable us to expand our route network and add more attractive destinations for our customers. I would like to thank our partners at AERCAP and Boeing for their support and partnership along the way.”

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, Dubai, Seattle, Toulouse, and other locations around the world.

Source: AerCap


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