AerCap to Lease 5 Boeing 787 & 10 Boeing 737 MAX to Air Europa

Air Europa - Boeing 787-9 (EC-NEI) - Javi Sanchez Utzet - AirTeamImages.com 

AerCap announced last Monday that it had signed a long-term agreement with Air Europa for an additional 5 Boeing 787-9s and 10 Boeing 737 MAX, becoming the first Spanish operator of the Boeing 737 MAX aircraft.

The agreement with AerCap will allow the airline to renew its fleet with fuel-efficient and also modern aircraft. Still, according to the information, the Spanish carrier expects to receive the aircraft in mid-2024 and 2026. 

"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," said Peter Anderson, AerCap CEO. "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." Concludes him. 

Air Europa Route Heatmap provided by AirNav RadarBox 

Richard Clark, Managing Director of Air Europa, commented, "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."