Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-8 aircraft on long-term lease to Cayman Airways. This aircraft, featuring LEAP-1B27 engines, is the third new 737-8 to deliver to Cayman Airways from ALC’s order book with Boeing.
“ALC is honored to work with Cayman Airways, the national flag carrier of the Cayman Islands, to modernize the airline’s fleet and expand their route network,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “Our team has now leased three generations of Boeing 737 aircraft to Cayman Airways: the 737-300, 737-800 and now the 737-8. The new technology 737-8s will further the airline’s long-term goals, providing advanced technology, passenger comfort and fuel-efficiency.”
Cayman Airways President and Chief Executive Officer, Fabian Whorms said: “We are very fortunate and appreciative of having ALC as our aircraft lessor while we retire and replace our aging B737-300 aircraft with the new B737-8 aircraft model. ALC was selected by Cayman Airways in 2016 after a competitive public tendering process and ALC has subsequently demonstrated a very strong commitment to working with Cayman Airways through the most difficult of industry challenges. Cayman Airways also has a historical relationship working with Mr. Udvar-Hazy that spans more than three decades, and we look forward to continued excellent relations with ALC for many years to come.”
