Malaysia Airlines To Take 25 737 MAXs From Air Lease

Malaysia Airlines’ parent company has signed a long-term lease deal with U.S. lessor Air Lease Corp. (ALC), covering 25 Boeing 737-8s.

During the last quarter Malaysia Aviation Group (MAG) performed a detailed tender and selected ALC as the lessor for its 737-8 fleet. “This exercise is tied to the restructured terms of our existing order book with Boeing,” MAG CEO Izham Ismail said Feb. 14.

Ismail added that the comfort, performance and flexibility of the 737-8 is “key” to Malaysia Airlines’ long-term business plan, which is known as LTBP2.0. Deliveries will begin in early 2023 and will run until the beginning of 2026, sourced from ALC’s Boeing order book.

“These 25 new Boeing aircraft will help grow Malaysia Airlines’ expanding route network and improve operations and the efficiency of the airline’s fleet,” ALC executive chairman Steve Udvar-Házy said. Malaysia Airlines already has six Airbus A350-900 aircraft on long-term lease from ALC.