AL - Air Lease announces lease placements for 25 Boeing 737-8 aircraft with Malaysia Aviation

Air Lease (NYSE:AL) announced long-term lease placements for 25 new Boeing 737-8 aircraft with Malaysia Aviation Group (NYSE:MAG), parent company of Malaysia Airlines Berhad (NYSEMKT:MAB). The aircraft are scheduled to be delivered to the airline starting in early 2023 through the beginning of 2026 from AL’s orderbook with Boeing. In addition to the 25 Boeing aircraft, MAB currently has 6 Airbus A350-900 aircraft on long-term lease from AL. “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 orderbook with Boeing," said Izham Ismail, group CEO, MAG.

For further details see:

Air Lease announces lease placements for 25 Boeing 737-8 aircraft with Malaysia Aviation