Industry

Published on August 30th, 2022 | by Alan Dwyer

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AerCap Signs Lease Agreements for 15 Boeing Aircraft

AerCap Holdings has announced that it has signed lease agreements with Air Europa Líneas Aéreas for the long-term lease of five Boeing 787-9 aircraft and ten Boeing 737-8 MAX aircraft. The aircraft are scheduled to deliver beginning in 2024 through 2026. Air Europa will become the first Spanish operator of the Boeing 737 MAX aircraft. The current Air Europa fleet consists of 21 Boeing 787 Dreamliners and 19 Boeing 737-800 aircraft. Air Europa operates mostly charter services between northern and western Europe connecting them to the holiday resorts in the Canary Islands and the Balearic Islands. It also operates domestic scheduled services and long-haul scheduled services to North America and South America from Madrid.

Commenting on the deal, the Chief Commercial Officer of AerCap, Peter Anderson said, “Air Europa has been a long-time friend and valued customer of AerCap. With this landmark transaction for the airline, we are delighted to reconfirm our belief in the Air Europa business and management team and wish them every success with their fleet modernization program. The future is bright for the Boeing 787 and MAX programs. For Air Europa, these new technology fuel-efficient aircraft will provide improved cost efficiencies and help them to meet their sustainability commitments. We thank the team at Air Europa for the confidence they have placed in AerCap, and we look forward to working together as these aircraft deliver.”

Also commenting was the Managing Director of Air Europa, Richard Clark who said, “We are very pleased to reach this agreement with AerCap, with whom we have a long and successful relationship. It reinforces our strategy of unifying the fleet around the most modern, efficient, and sustainable models in the industry. Once again, we are pioneers. Just as we were the first Spanish company to incorporate the Boeing 787 Dreamliner, we are now doing the same by adding the new Boeing 737 MAX to our fleet.”

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