12 February, 2019

Caribbean Airlines agree leasing deal for four Boeing 737 MAX 8 Aircraft

Caribbean Airlines 737-800          Photo Caribbean Airlines
Caribbean Airlines is getting long leases on four new Boeing 737 MAX 8 aircraft it has been announced this week. The airline will start to get these new aircraft starting in the fourth quarter of 2019 through 2020.

The deal was struck with global leasing specialist Air Lease Corporation, with whom the carrier already leases two Boeing 737-800 aircraft.  “Caribbean Airlines is delighted to introduce the Boeing 737 MAX 8 to our fleet with ALC,” said Garvin Medera, Chief Executive Officer of Caribbean Airlines. “The 737 MAX 8 will play an integral role in our success going forward as we continue to increase our competitiveness and high-quality customer service throughout the Caribbean and North and South America.”

“ALC is extremely pleased to announce this lease placement for four new Boeing aircraft with Caribbean Airlines and be the first to introduce the 737 MAX 8 to the airline this year,” said Steven F. Udvar-Hรกzy, Executive Chairman of Air Lease Corporation. “The capabilities of the 737 MAX 8 will improve operational efficiency and contribute to Caribbean Airlines’ long-term success as the flag carrier of Trinidad and Tobago.”

“The Boeing 737 MAX 8 will allow Caribbean Airlines to completely revamp and upgrade its fleet by replacing its older Boeing 737-800s,” added Kishore Korde, Executive Vice President of Air Lease Corporation. “As a testament to our strong relationship with Caribbean Airlines spanning over two decades, the Boeing 737 MAX 8 is the third new aircraft type that ALC team members have introduced to the airline (and its predecessor) during their careers.”

Caribbean Airlines started in 2006 and currently operates more than 600 weekly flights to 20 destinations to and from the Caribbean and North and South America. The airline's fleet is comprised of Boeing 737-800 and ATR 72-600 aircraft. Jointly owned by the people of Trinidad and Tobago and Jamaica, Caribbean Airlines is headquartered in Trinidad and Tobago, with an operational base in Jamaica. Caribbean Airlines is an authentic Caribbean airline which provides a genuine Caribbean experience on all its services.