Air Lease Pens $300M Deal For Five 737 Aircraft With Royal Air Maroc
Portfolio Pulse from Lekha Gupta
Air Lease Corp (AL) has signed a $300 million long-term lease contract with Royal Air Maroc for five 737 aircraft, including four new Boeing (BA) 737-8s and one 737-800. The aircraft are expected to be delivered in 2024. This follows Air Lease's Q2 earnings report, which beat consensus estimates.
August 16, 2023 | 2:11 pm
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POSITIVE IMPACT
Air Lease's new contract with Royal Air Maroc could boost its revenues and profitability in the long term.
The new contract is a significant revenue opportunity for Air Lease. It also indicates the company's strong market position and ability to secure large contracts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The deal involves four new Boeing 737-8s, indicating continued demand for Boeing's aircraft.
The inclusion of Boeing's aircraft in the deal shows that there is still demand for its products, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50