Air Lease entered long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800, with the total deal valued at $300 million. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from Air Lease’s order book with Boeing. These new contracts are augmenting already placed Air Lease-owned aircraft operated by RAM.

“ALC is pleased to announce this lease placement for five Boeing 737 aircraft with Royal Air Maroc,” Steven F. Udvar-Házy, executive chairman of Air Lease, said. “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,” Abdelhamid Addou, CEO of Royal Air Maroc, said.