Industry

Published on September 2nd, 2021 | by Alan Dwyer

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Griffin Global Orders 5 Boeing 737-8Max

Dublin based aircraft lessor Griffin Global Aircraft Management has today announced an order with Boeing for five Boeing 737-8 MAX aircraft. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the aircraft during the market recovery as the lessor expands its commercial aircraft portfolio. With this order added to the backlog, Boeing has now received 529 orders for 737 MAX aircraft during 2021.

Backed by Bain Capital Credit, Griffin provides commercial aircraft leasing and alternative asset management with offices in Dublin and Los Angeles. The team is staffed by experienced aviation professionals who work closely with airlines, aircraft manufacturers and investors to provide custom fleet solutions and innovative financing products to airlines around the world.

Commenting on the deal, CEO and founder of Griffin, Ryan McKenna said, “As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand. The 737-8 is well-positioned to support this objective, and this order lays a strong foundation for more to come with Boeing and Griffin on future opportunities.”

Also commenting was Boeing’s Senior Vice President of Commercial Sales and Marketing, Ihssane Mounir who added, “Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio. As Griffin places its first direct order with Boeing, we welcome them to the 737 family and look forward to working with the team in the future.”

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