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Griffin Global Asset Management Orders Five Boeing 737-8 Aircraft

Los Angeles and Dublin-based aircraft lessor Griffin Global Asset Management has ordered Five Boeing 737-8 jets. With the new order, Boeing has received a total of 529 MAX Family orders in 2021.

Rendering of Boeing 737-8 in Griffin Global Asset Management Livery - Courtesy Boeing

On Wednesday (September 1st, 2021), Boeing announced the placement of an order for five Boeing 737-8s by aircraft lessor Griffin Global Asset Management. The order represents Griffin’s first order with Boeing and expands the airframer’s gross MAX Family order book to 529 airplanes for 2021. Backed by Bain Capital Credit, Los Angeles and Dublin-based Griffin Global Asset Management provides commercial aircraft leasing and alternative asset management services. The company’s team is staffed by experienced aviation professionals who work closely with airlines, aircraft manufacturers and investors to provide custom fleet solutions and innovative financing solutions.

In Monday’s announcement, Griffin Global Asset Management’s Founder and CEO, Ryan McKenna, said,

“As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand. The 737-8 is well-positioned to support this objective, and this order lays a strong foundation for more to come with Boeing and Griffin on future opportunities.”

Also commenting on the order, Boeing’s Senior Vice President of Commercial Sales and Marketing, Ihssane Mounir, added,

“Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio. As Griffin places its first direct order with Boeing, we welcome them to the 737 family and look forward to working with the team in the future.”

The Boeing 737 MAX Family of aircraft are designed and built in Renton, Washington and deliver superior efficiency, flexibility and reliability, while reducing fuel burn and carbon emissions by at least 14 percent, compared to the airplanes they replace. The 737-8 can accommodate up to 189 passengers with a range of 3,550 nautical miles, approximately 600 miles more than its predecessor. All new MAX jets feature the new Boeing Sky Interior, which includes modern sculpted sidewalls and window reveals, LED lighting and larger pivoting overhead bins.

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 will continue investing in their people for future growth.

Source: Boeing


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