Air Lease Corp will lease 25 Boeing 737 MAX jets to Malaysia Airlines‘ parent to be delivered between early 2023 and 2026 through the lessor’s orderbook with the manufacturer.
Malaysia Aviation Group (MAG) Chief Executive Izham Ismail said the deal was part of a restructuring of the terms of the airline’s order book with Boeing, Reuters reported.
→ Korean Air takes delivery of its first Boeing 737 Max.
“As part of the terms we were given options to swap our orderbook aircraft with leased aircraft,” he said at a Singapore Airshow forum on Tuesday.
MAG had previously placed an order of its own for 25 737 MAX jets, which remains listed on Boeing’s website.
It was originally scheduled to take delivery in 2020, but the 737 MAX was grounded worldwide after two crashes, prompting several airlines and lessors to cancel orders.
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