Air Lease Corporation
announces lease placement of 25 new Boeing 737 MAX 8 aircraft with Malaysia
Aviation Group
By
-
15 February 2022
Air Lease Corporation (ALC)
announced long-term lease placements for 25 new Boeing 737 MAX 8 aircraft with
Malaysia Aviation Group (MAG), parent company of Malaysia Airlines Berhad
(MAB). The aircraft are scheduled to deliver to the airline starting in early
2023 through the beginning of 2026 from ALC’s order book with Boeing.
“ALC is pleased to announce this significant deal
for 25 new 737-8 aircraft with MAG,”
said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “These 25 new Boeing aircraft will
help grow Malaysia Airlines’ expanding route network and improve operations and
the efficiency of the airline’s fleet.”
Izham Ismail, Group Chief Executive Officer of MAG
said: “After
a detailed tender process in the last quarter, we are pleased to appoint ALC as
the aircraft lessor for our Boeing 737-8 fleet. This exercise is tied to the
restructured terms of our existing order book with Boeing. We are happy to have
in ALC, a partner who is committed to being part of our future endeavours as
outlined in our Long-Term Business Plan 2.0. The 737-8 is key to LTBP2.0 with
its superior product offerings and better fleet performance which includes
amongst others, improved fuel efficiencies of up to 15%. This aligns well with
our sustainability journey, whilst also enabling MAB with greater flexibility
and agility to implement our future network strategies.”
In addition to these 25 Boeing aircraft, Malaysia
Airlines currently has six Airbus A350-900 aircraft on long-term lease from
ALC.
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