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Air Lease Corporation Signs Lease Agreements With Royal Air Maroc for Five Boeing 737s

Air Lease Corporation has today announced the signing of long-term lease contracts for five Boeing 737s with Royal Air Maroc, including four new Boeing 737-8 MAX airplanes and one 737-800. The jets will be delivered in 2024 from ALC’s orderbook with Boeing.

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

On Wednesday (August 16, 2023), Air Lease Corporation (ALC) announced the placing of five Boeing 737s on long-term lease with Royal Air Maroc. The contracts include four Boeing 737-8 MAX airplanes and one Boeing 737-800, and are scheduled for delivery to the carrier in 2024 from ALC’s orderbook with Boeing. The new contracts will augment already placed ALC-owned aircraft currently operated by Royal Air Maroc.

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

“ALC is pleased to announce this lease placement for five Boeing 737 aircraft with Royal Air Maroc. We look forward to building our long-term relationship with RAM as they continue to modernize their fleet and grow their network, as well as maximize their competitive advantage with the most fuel-efficient aircraft in the market.”

Also commenting on the new lease contracts, Royal Air Maroc’s Chief Executive Officer, Abdelhamid Addou, added,

“Through this agreement with esteemed partners as ALC, Royal Air Maroc will receive additional aircraft that will strengthen and modernize our operational fleet, enabling us to consistently enhance the quality of service for our customers, while also reducing our carbon footprint in line with our environmental commitment.”

Royal Air Maroc is the national carrier of Morocco, and is also the country’s largest airline. The carrier serves 80 destinations in 41 countries and territories worldwide, including frequent departures to the largest capitals in Europe, North America, South America, Africa, the Maghreb region and the Middle East. Royal Air Maroc’s main hub is located at Mohammed V Airport in Casablanca.

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. At June 30, 2023, the company had a globally diversified customer base of 118 airlines across 63 countries.

Source: Air Lease Corporation


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