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Malaysia Airlines’ parent to lease 25 737 MAX jets from Air Lease Corp -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A Boeing 737 MAX airplane lands after a check flight at Boeing Subject in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey/

(Reuters) – Air Lease (NYSE:) Corp mentioned on Monday it might lease 25 Boeing (NYSE:) 737 MAX jets to Malaysia Airways’ mum or dad to be delivered between early 2023 and 2026 by way of the lessor’s orderbook with the producer.

Malaysia Aviation Group (MAG) Chief Govt Izham Ismail mentioned in a press release that the deal was tied to the restructured phrases of the airline’s present orderbook with Boeing.

No additional particulars have been supplied. He is because of communicate at a Singapore Airshow discussion board on Tuesday.

MAG had beforehand positioned an order of its personal for 25 737 MAX jets that continues to be listed on Boeing’s web site. Boeing didn’t reply instantly to a request for remark.

MAG mentioned final 12 months it had agreed with Boeing to take supply of the planes from 2024.

It was initially scheduled to take supply in 2020, however the 737 MAX was grounded worldwide after two crashes, and several other airways and lessors cancelled orders of the jet.

MAG additionally has six Airbus A350-900 planes on long-term leases with Air Lease.

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