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Air Lease Corporation Confirms Order for 32 Additional Boeing 737 MAX Aircraft

Air Lease Corporation (ALC) has added 32 more 737 MAX aircraft to their orderbook with Boeing including 737-8 and 737-9 models. With the new firm order, ALC now has 130 MAX Family aircraft in their order backlog with Boeing.

Boeing 737-8 MAX Rendered in ALC Livery - Courtesy Boeing

On Monday (April 4, 2022), Boeing announced that Air Lease Corporation has ordered an additional 32 Boeing 737 MAX Family aircraft including Both 737-8s and 737-9s. Last February the lessor ordered 18 MAXs, and their current order backlog with Boeing now includes 130 737 MAX aircraft. The Boeing 737 MAX Family allows for the optimization of airline fleets across a broad range of missions by offering reduced fuel consumption and emissions of at least 20 percent, compared to the aircraft they replace. The aircraft also offer commonality for pilots and crew, as well as a range which allows airlines to offer new direct routes.

In Monday’s announcment, Air Lease Corporation’s President and Chief Executive Officer, John L. Plueger, said,

“Following our memorandum of understanding with Boeing in February for these 32 737 MAX aircraft, we are pleased to announce the signing of this definitive purchase agreement. We believe that the economic and operating advantages of the 737 MAX will serve our airline customers well as they favor modern, fuel efficient aircraft.”

Also commenting on the additional 737 MAX order, Boeing’s Senior Vice President – Commercial Sales and Marketing, Ihssane Mounir, said,

“The 737 MAX family has already proved its value within ALC's narrowbody portfolio, providing operators with excellent fuel efficiency and flexibility across different networks. The addition of more 737 MAXs, including 737-8s and 737-9s, will enable ALC to respond to accelerating market demand as air travel continues to recover.” Based in Los Angeles, California, Air Lease Corporation (NYSE: AL) is a leading global aircraft leasing company. The ALC team is principally involved in the purchase of commercial aircraft and leasing them to airlines worldwide with customized leasing and financing solutions.

Boeing (NYSE:BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality and integrity.

Source(s): Boeing, Air Lease Corporation

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