Friday, 3 September 2021

Griffin Global Asset Management orders five Boeing 737 MAX 8 jets

Boeing has confirmed that Griffin Global Asset Management has ordered five new Boeing 737 MAX 8s for its commercial aircraft portfolio. The aircraft are allocated from a previously cancelled order and being sold at a loss for the American manufacturer according to sources close to the deal.

In a deliberate move to mislead the travelling public, Boeing's senior vice president of Commercial Sales and Marketing Ihssane Mounir referred to the jets as simply 737-8s in interviews and media statements. "Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio."

"As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand," said Ryan McKenna, founder and CEO of Griffin, who achieved the low price deal on condition further orders from the leasing firm would be forthcoming.  

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