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Air Lease Corporation Delivers New Boeing 737-8 MAX to Cayman Airways

Air Lease Corporation has delivered one new Boeing 737-8 MAX on long-term lease to Cayman Airways. The aircraft is powered by CFM LEAP-1B27 engines and is the third of the type delivered to Cayman Airways from ALC’s order book with Boeing.

Cayman Airways Boeing 737-8 MAX - Courtesy Air Lease Corporation

On Monday (April 5, 2021), Air Lease Corporation (ALC) announced the delivery of the third Boeing 737-8 MAX to Cayman Airways. The aircraft features CFM LEAP-1B27 engines and is delivered to the carrier from ALC’s order book with Boeing. In Monday’s announcement, Air Lease Corporation’s Executive Chairman, Steven F. Udvar-Házy, said,

“ALC is honored to work with Cayman Airways, the national flag carrier of the Cayman Islands, to modernize the airline’s fleet and expand their route network. Our team has now leased three generations of Boeing 737 aircraft to Cayman Airways: the 737-300, 737-800 and now the 737-8. The new technology 737-8s will further the airline’s long-term goals, providing advanced technology, passenger comfort and fuel-efficiency.”

Also commenting on the new aircraft delivery, Cayman Airways’ President and Chief Executive Officer, Fabian Whorms, said,

“We are very fortunate and appreciative of having ALC as our aircraft lessor while we retire and replace our aging B737-300 aircraft with the new B737-8 aircraft model. ALC was selected by Cayman Airways in 2016 after a competitive public tendering process and ALC has subsequently demonstrated a very strong commitment to working with Cayman Airways through the most difficult of industry challenges. Cayman Airways also has a historical relationship working with Mr. Udvar-Házy that spans more than three decades, and we look forward to continued excellent relations with ALC for many years to come.”

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.

Source: Air Lease Corporation


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