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Wednesday, September 28, 2022

Malaysia Airlines Finalizes Leases for 25 Boeing 737 MAX 8s

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Malaysia Airlines will get 25 new Boeing 737 MAX 8s from Air Lease Corporation (ALC) under a contract.

The purchase, which comes from Malaysia Airlines’ Boeing order book, will let the carrier to acquire additional aircraft and continue to pursue its strategic goals of domestic and medium-haul dominance.

Beginning in 2023, the planes will arrive at the airline and will continue until early 2026.

“We are happy to have in ALC, a partner who is committed to be part of our future endeavors as outlined in our Long-Term Business Plan 2.0 (‘LTBP2.0’),” Izham Ismail, Chief Executive Officer of Malaysia Aviation Group, which is the parent company of Malaysia Airlines, said about the deal.

“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.”

Malaysia Airlines placed a firm order for 25 MAX 8 aircraft in 2016. The plane’s delivery have been delayed as a result of the MAX’s grounding and the global health crisis.

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