Boeing Bags 737 MAX Order from Air Lease Corporation

Rendering of two Air Lease Corporation Boeing 737 MAXs in flight.
Image Credit: Air Lease Corporation

LONDON – Boeing has announced that Air Lease Corporation (ALC), a global aircraft leasing giant has confirmed an extended order for 32 Boeing 737 MAX single-aisle aircraft as part of the new deal that has been crafted between Boeing and ALC.

Under this new deal, Boeing will equip Air Lease Corporation (ALC) with 737-8 and 737-9 variants of the MAX family, with a precise breakdown between two variants not disclosed yet by both parties.

Speaking on this announcement, the president and CEO of ALC Mr. John L Plueger said that:

“Following our MoU with Boeing in February for these 32 737 MAX aircraft, we are pleased to announce the signing of this definitive purchase agreement. We believe that the economic and operating advantages of the 737 MAX will serve our airline customers well as they favor modern, fuel-efficient aircraft.”

This new sizeable order from ALC is the second biggest for Boeing in the same year.

ALC had signed a contract with Boeing for 18 new aircraft along with a new Memorandum of Understanding (MoU) between the two signaled the beginning of this existing order of 32 737 MAX aircraft.

Along with this new announcement, Air Lease Corporation now has a total of 130 MAXs on order books with Boeing, thus making this remarkable partnership.

Expressing on this landmark deal, Boeing Commercial Sales & Marketing senior VP, Ihssane Mounir said:

“The 737 MAX family has already proved its value within ALC’s narrow-body portfolio, providing operators with excellent fuel efficiency and flexibility across different networks.”

“The addition of more 737 MAXs, including 737-8s and 737-9s, will enable ALC to respond to accelerating market demand as air travel continues to recover.”

The New Hope

With this new landmark deal between ALC and Boeing and the staggering order book of around 130 aircraft from one single lessor, this is an indication that the airline industry is making all efforts to come out of the shockwave of a pandemic that crippled its growth, ambitions, and dreams for well over two years.

As the ALC is increasing its order for additional 737 MAXs, this is an indication that the lessor is making an active effort to fulfill increasing demand as the air travel markets are recovering.

Furthermore, the airlines are looking at more modern, fuel-efficient, and suitable ways to operate their aircraft, making the 737 MAX their prime choice as it offers fuel burn and carbon emission of less than 20% of its predecessor’s aircraft types.

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