17 August, 2023

Five aircraft deal for Royal Air Maroc....

Aircraft leasing giant Air Lease Corporation has confirmed long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc which it values at $300 Million.

The deal includes four new Boeing 737 MAX 8s and one Boeing 737-800 and ALC says the aircraft are scheduled to be delivered to the Moroccan flag carrier in 2024. The aircraft come from ALC’s existing order book with Boeing and will augment already placed ALC-owned aircraft operated by RAM.

“ALC is pleased to announce this lease placement for five Boeing 737 aircraft with Royal Air Maroc,” said Steven F. Udvar-Hรกzy, Executive Chairman of Air Lease Corporation. “We look forward to building our long-term relationship with RAM as they continue to modernize their fleet and grow their network, as well as maximize their competitive advantage with the most fuel-efficient aircraft in the market.”

"Through this agreement with esteemed partners as ALC, Royal Air Maroc will receive additional aircraft that will strengthen and modernize our operational fleet, enabling us to consistently enhance the quality of service for our customers, while also reducing our carbon footprint in line with our environmental commitment," said Abdelhamid Addou, Chief Executive Officer of Royal Air Maroc.

Royal Air Maroc is the Moroccan national carrier, as well as the country's largest airline. The airline has established a network reaching 80 destinations in 41 territories around the world, including frequent departures towards the biggest capitals in Europe, North America, South America, Africa, The Maghreb region, and the Middle East. Its main hub is located at Mohammed V airport in Casablanca.