AerCap Signs Lease Agreement for 17 Aircraft with Thai Airways

At the Singapore Airshow this week, AerCap revealed the signing of a lease agreement with Thai Airways for 17 aircraft.

It is understood the decision was made back in 2023 as part of the airline’s short-term strategy towards fleet development.

Without further ado, let’s get into it…

The Deal Between Thai Airways and AerCap…

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It is understood that this deal between AerCap and Thai Airways for the lease of 17 aircraft is broken down into the following:

• Four Airbus A350-900s.
• Three Boeing 787-9 Dreamliners.
• 10 Airbus A321neos.

Peter Anderson, the Chief Commercial Officer of AerCap had this to say on the deal signed at the Singapore Airshow this week:

“AerCap is very pleased to announce this significant transaction with Thai Airways and to support them with both their widebody and narrowbody fleet modernization plan as they emerge from a very challenging period”.

 “AerCap’s business relationship with Thai Airways began in the mid-1990s with the lease of Boeing 737-400s and Airbus A330-300s, and we have worked closely together during both the upcycles and downcycles to maintain and strengthen the partnership between our two companies.”

“We thank Thai Airways for their business and look forward to working with them as these aircraft deliver, and beyond.”

Adding to this was Chai Eamsiri, the Chief Executive Officer of Thai Airways:

“This marks a significant milestone as we celebrate the continuing partnership with AerCap.”

“It’s a testament to the trust and commitment we share, as we emerge from the recent challenging period.”

“The addition of these new generation aircraft enhances our ability to swiftly adapt to the evolving market demands, and not only enhances our operational capacity but also offers exceptional levels of comfort for our passengers.”

All eyes will be on how much further this relationship grows between the two sides.

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