Air Lease Announces Lease Placement Of 18 New Boeing 737-8 Aircraft With EGYPTAIR; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Air Lease Corporation (ALC) has placed 18 new Boeing 737-8 aircraft on lease with EGYPTAIR, with deliveries scheduled from 2025 to 2026. This marks the first transaction between ALC and the Egyptian flag carrier, as well as the first time EGYPTAIR will add the 737-8 model to its fleet. The financial terms of the deal were not disclosed.
November 13, 2023 | 11:35 am
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POSITIVE IMPACT
Air Lease Corporation has entered into a lease agreement with EGYPTAIR for 18 Boeing 737-8 aircraft, expanding its customer base and utilization of its order book with Boeing.
The announcement of a new lease placement with EGYPTAIR is likely to be viewed positively by investors as it represents an expansion of ALC's customer base and future revenue streams. The lack of financial terms limits the ability to fully assess the deal's value, but the addition of a new aircraft model to a national carrier's fleet suggests a significant transaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Boeing's 737-8 aircraft have been selected by EGYPTAIR in a lease agreement with Air Lease Corporation, indicating continued market demand for this model.
Boeing is indirectly impacted by this deal as it confirms ongoing demand for the 737-8 model, which could positively influence investor sentiment towards Boeing's commercial aircraft business. However, since the planes are from ALC's existing order book with Boeing, the immediate financial impact on Boeing may be limited.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60