Aergo Capital to lease more Boeing 737 MAX to Lion Air

A Lion Air Boeing 737 on the taxiway.
PK-REN, CC BY-SA 2.0 via Wikimedia Commons

LONDON – Lion Air has taken up delivery of their first Boeing 737 MAX 8 from the leasing giant Aergo Capital.

The lease

Lion Air is set to receive a total of 8 extra Boeing 737 MAX 8 planes from the leasing giant Aergo Capital. The plane will be operated by Batik Air, which is part of the Lion Air Group.

Fred Browne, CEO of Aergo Capital, said: “We are delighted to deliver the first of eight 737 (Max) aircraft to Lion Air. We look forward to completing all deliveries in the coming months and would like to commend all those involved in the transaction for getting this deal over the line.”

This deal is one of the most significant deals for Boeing and Lion Air. The fact that Lion Air has made a batch order of 8 planes means that the updates from Boeing, who have worked intensively on the renewal of the upgrades of the MCAS, have paid off and made Lion Air trust Boeing again.

MAX scandal

Lion Air flight 610 was a scheduled flight between Jakarta and Pangal Pinang, Indonesia. Shortly after take-off, the plane nose-dived uncontrollably into the ocean.

While investigating the accident, it has been found that the MCAS was the one responsible for bringing the plane down.

Once the Ethiopian Airlines crashed a couple of months later, and a systematic link had been found, every plane of the same type has been grounded and Boeing was forced to revise the MCAS system on the MAX.

Thankfully, enough time has passed since the groundings to prove the effectiveness of the plane to Lion Air that they have ordered this many new 737 MAX aircraft and this deal could be part of an advertisement program for Boeing to show to other airlines that Lion Air has already regained their trust in both the program and Boeing themselves.

Trustworthy client

Lion Air has been a long-time client of Boeing, which operate many Boeing 737 family aircraft, including the previous generation 737 NG, such as the 737-800 and 737-900, and the 737 MAX 8.

Lion Air will also be the launch customer of the 737 MAX 9. it won’t be the first time they will be the launch customer, as they have been the launch customer for the 737-900 as well.

Lion Air also has an open order for 50 Boeing 737 MAX 10, the longest variant in the family. That plane is rivaling the 757 in terms of seats, but also the A321LR, which has just made its maiden flight, in terms of range. 

The long-range fleet of Lion Air consists mainly of the Airbus A330-300 and A330-900.

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