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Air Lease Corporation Places Nine Boeing 737 MAX Aircraft on Lease With Corendon Airlines Group

Today, Air Lease Corporation (ALC) announced the placement of nine Boeing 737 MAX Aircraft on lease to Turkey’s Corendon Airlines. The placement includes six new Boeing 737-8s and three new 737-9s.

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

On Tuesday (February 22, 2022), Air Lease Corporation (ALC) announced the lease placement of nine Boeing 737 MAX aircraft with Turkey’s Corendon Airlines. Five new 7370-8s will be delivered in spring 2022, with a sixth scheduled to be delivered in the first quarter of 2023. Additionally, three new Boeing 737-9s are scheduled to be delivered to Corendon during the first half of 2023. All nine of the Boeing 737 MAX aircraft will be delivered from ALC’s order book with Boeing.

In today’s announcment, Air Lease Corporation’s Executive Chairman, Steven F. Udvar-Házy, said,

“ALC is a major lessor to the Corendon Airlines Group with three operating airlines in the Netherlands, Malta and Turkey, and we are pleased to announce these lease placements today. These nine new Boeing 737 aircraft offer the most modern, fuel-efficient new technology that will greatly enhance Corendon’s overall fleet operations and passenger experience.”

Corendon Group’s Chairman, Yildiray Karaer, added,

“We appreciate and thank ALC for the long-time cooperation and fleet support.”

Established in the Netherlands in the early 2000s, Corendon is an international tourism group specializing in air transportation. Corendon Airlines has three different airlines registered in Turkey, the Netherlands and Malta. The Group’s airlines carry over 10 million guests annually on tourist flight from Europe to popular holiday destinations, and also offer direct flights from Europe to many cities of Anatolia.

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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