Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for six Boeing 737-8 aircraft with LOT Polish Airlines. All aircraft are scheduled to deliver to LOT in October 2022 and will add to the five Boeing 737-8 and one Dreamliner aircraft currently on lease to the Polish airline from ALC.
“We are honored and pleased to expand our long relationship with LOT by leasing the airline six modern 737-8 jet aircraft, in addition to the six airplanes currently on lease, doubling the size of the ALC owned portfolio to 12 aircraft at LOT. ALC has played an important role in the recent fleet modernization program of LOT since late 2017 and these six additional aircraft will support LOT’s network and development strategy,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
“LOT is in the process of selecting a new fleet in the regional and narrow-body segment. Until a supplier is selected, we are planning to source aircraft as a bridging solution - the first Embraer 175 and 190 have already joined LOT Polish Airlines' fleet and will soon be followed by the Boeing 737-8. I am very pleased to see these reliable and economical aircraft completing our single-aisle fleet,” said Maciej Wilk, Chief Operating Officer of LOT Polish Airlines.
Key data points: The market size in 2031 = $6.9 billion, growth forecast = 3.8% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global flight inspection market to 2031 by solution (service and system), end use (commercial airports, defense airports, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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