AerCap Signs Lease Agreements for 17 Aircraft with Thai Airways

Aviation lessor AerCap signed lease agreements with Thai Airways for seven widebody aircraft, comprising four Airbus A350-900 aircraft and three Boeing 787-9 aircraft, and 10 Airbus A321NEO aircraft. The decision to procure these aircraft was made in 2023 as part of Thai Airways’ short-term fleet development strategy.

Of the four A350 aircraft, two have already been delivered with the remaining two units scheduled for delivery in Q1/24 and Q2/24, respectively. The 787 deliveries are scheduled to begin in Q2/24 through Q4/25, while deliveries of the A321NEOs are scheduled to begin in Q3/25 through Q2/26.

“AerCap is very pleased to announce this significant transaction with Thai Airways and to support them with both their widebody and narrowbody fleet modernization plan as they emerge from a very challenging period,” Peter Anderson, chief commercial officer of AerCap, said. “AerCap’s business relationship with Thai Airways began in the mid-1990s with the lease of Boeing 737-400s and Airbus A330-300s, and we have worked closely together during both the upcycles and downcycles to maintain and strengthen the partnership between our two companies. We thank Thai Airways for their business and look forward to working with them as these aircraft deliver and beyond.”

“This marks a significant milestone as we celebrate the continuing partnership with AerCap. It’s a testament to the trust and commitment we share as we emerge from the recent challenging period. The addition of these new generation aircraft enhances our ability to swiftly adapt to the evolving market demands and not only enhances our operational capacity but also offers exceptional levels of comfort for our passengers,” Chai Eamsiri, CEO of Thai Airways, said.

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