Griffin Global Asset Management delivered one Boeing 737 MAX 8 to Arajet, an ultra-low-cost airline based in the Dominican Republic. The aircraft is the first of five from Griffin Global Asset Management’s orderbook scheduled to deliver to Arajet in 2022.

“Griffin is pleased to deliver this first of five new 737-8 aircraft on long-term lease to Arajet, the Dominican Republic’s new national ULCC carrier,” Eric Hild, senior vice president of marketing at Griffin Global Asset Management, said. “It is a privilege to be part of the launch of Arajet, who will benefit from the most modern, fuel-efficient technology to advance the airline’s overall growth and route expansion objectives.”

“Receiving our first aircraft from Griffin is a tremendous accomplishment for Arajet and for the Dominican Republic. It is a major step in welcoming a new era of affordable air travel in the country and region. We are excited to partner with Griffin and work closely together to grow a successful airline in the Caribbean,” Victor Pacheco, executive officer and founder of Arajet, said.