Malaysian Aviation Group to lease 25 Boeing 737-8s from Air Lease Corporation

Malaysia Airlines at Kuala Lumpur Airport ©AirTeamImages

Los Angeles, California-based Air Lease Corporation (ALC), has announced that it has placed 25 Boeing 737-8 aircraft with Malaysian Aviation Group (MAG), the parent company of Malaysia Airlines. Deliveries are due to commence in early 2023 and will continue through until 2026, the planes coming from ALC’s order book with Boeing.

Izham Ismail, Group Chief Executive Officer of MAG said: “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.  We are happy to have in ALC, a partner who is committed to be part of our future endeavours as outlined in our Long-Term Business Plan 2.0 (‘LTBP2.0’).  The 737-8 is key to LTBP2.0 with its superior product offerings and better fleet performance which includes amongst others, improved fuel efficiencies of up to 15%. This aligns well with our sustainability journey, whilst also enabling MAB with greater flexibility and agility to implement our future network strategies.”

ALC is principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customised aircraft leasing and financing solutions.

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