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AerCap Signs Lease Agreements With Thai Airways for Four A350-900s, 10 A321neos and Three 787-9s

From the Singapore Airshow, AerCap has today announced that Thai Airways has signed lease agreements for four Airbus A350-900s, 10 A321neos and Three Boeing 787-9s.

Airbus A321neo Rendered in AerCap Livery - Courtesy Aercap

On Wednesday (February 21, 2024), from the Singapore Airshow, AerCap Holdings announced that Thai Airways has signed lease agreements for four Airbus A350-900s, 10 A321neos and three Boeing 787-9 Dreamliners.  The carrier made the decision to procure these aircraft in 2023, as part of their short-term fleet development strategy.  Two of the four Airbus A350-900s have already been delivered, and Thai Airways will receive two more during the first and second quarter of 2024, respectively.  The three Boeing 787-9 Dreamliners are scheduled to be delivered between the second quarter of 2024 through the fourth quarter of 2025.  Thai will receive the ten Airbus A321neos beginning in the third quarter of 2025 through the second quarter of 2026.

In Wednesday’s announcement, AerCap’s Chief Commercial Officer, Peter Anderson, said,

“AerCap is very pleased to announce this significant transaction with Thai Airways and to support them with both their widebody and narrowbody fleet modernization plan as they emerge from a very challenging period.  AerCap’s business relationship with Thai Airways began in the mid-1990s with the lease of Boeing 737-400s and Airbus A330-300s, and we have worked closely together during both the upcycles and downcycles to maintain and strengthen the partnership between our two companies.  We thank Thai Airways for their business and look forward to working with them as these aircraft deliver, and beyond.”

Also commenting on the lease agreements, Thai Airways’ CEO, Chai Eamsiri, said,

‘This marks a significant milestone as we celebrate the continuing partnership with AerCap.  It’s a testament to the trust and commitment we share, as we emerge from the recent challenging period. The addition of these new generation aircraft enhances our ability to swiftly adapt to the evolving market demands, and not only enhances our operational capacity but also offers exceptional levels of comfort for our passengers.”

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/PRNewswire


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