Air Lease to add 35 Boeing 737 MAX jets to its orderbook

Half price Boeings for leasing giant.

This week U.S. planemaker Boeing and aircraft leasing giant Air Lease Corp have announced another order for the 737 MAX family of jets to be added to the lessor's order book. 

ALC is adding 32 additional 737 MAX 8s and 737 MAX 9s planes to its total order as travel demand continues to improve. "Following our memorandum of understanding 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 favour modern, fuel-efficient aircraft," said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.

ALC currently has an order backlog of 130 Boeing 737 MAX family of jets,  "The 737 MAX family has already proved its value within ALC's narrowbody portfolio, providing operators with excellent fuel efficiency and flexibility across different networks," said Ihssane Mounir, Boeing senior vice president of Commercial Sales & Marketing. "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."

Both Air Lease Corp and Boeing have not revealed the cost of each aircraft publicly, however, when all discounts and concessions are applied, the price of jets is just a few thousand high than half the manufacturer's list price. 

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