Air Lease is expanding its airplane portfolio with an order for 32 additional 737-8 and 737-9 jets from Boeing.

“Following our memorandum of understanding with Boeing in February for these 32 737 MAX aircraft, we are pleased to announce the signing of this definitive purchase agreement. We believe that the economic and operating advantages of the 737 MAX will serve our airline customers well as they favor modern, fuel-efficient aircraft,” John L. Plueger, CEO and president of Air Lease, said.

In February, Air Lease added 18 737 MAXs to its portfolio. With the new order, Air Lease has 130 737 MAXs in its backlog.

“The 737 MAX family has already proved its value within ALC’s narrowbody portfolio, providing operators with excellent fuel efficiency and flexibility across different networks,” Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing, said. “The addition of more 737 MAXs, including 737-8s and 737-9s, will enable ALC to respond to accelerating market demand as air travel continues to recover.”