LOS ANGELES, June 20, 2017 -- Today Air Lease Corporation (NYSE:AL) announced the placement of six (6) new Boeing 737 MAX 8 and six (6) used 737-800 aircraft on long-term leases to Blue Air (Romania). The 737-800 aircraft, which ALC acquired from Pegasus Airlines, began delivering in May 2017 and will continue through Q4 2017. The new 737 MAX 8 aircraft are scheduled for delivery between mid-2019 and Q1 2021, from ALC’s order book with Boeing.
“We are pleased to announce this strategic lease placement with Blue Air, a new customer for ALC. We look forward to a successful long term relationship with Blue Air as it continues to modernize its fleet in order to offer superior services and cost efficiencies that are passed on to their customers,” said Marc Baer, Executive Vice President of Air Lease Corporation.
“This new lease agreement is a great opportunity to develop and grow our relations with Air Lease Corporation as a strategic partner sustaining our ambitious development plans. Adopting the brand new 737 MAX family is an important milestone for Blue Air and the Romania aviation sector, allowing us to further improve our operating efficiencies,” said Gheorghe Racaru, Chief Executive Officer of Blue Air.
"During the past several weeks, Blue Air has already taken delivery of three of the six Boeing 737-800s from ALC and has placed them into their flight operations for their 2017 summer schedule," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation.