Air Lease Agrees To Lease Nine Boeing 737 Aircraft To Aeromexico

Air Lease Corp AL entered a long-term lease agreement for nine new Boeing Co BA 737 aircraft with Grupo Aeromexico GRPAF.
The order consists of two new 737-8s and seven new 737-9s. Deal terms were not disclosed.
The aircraft are scheduled for delivery between July 2022 and August 2023.
Steven Udvar-Házy, Executive Chairman of Air Lease, said, "The 737 offers the most modern, fuel-efficient technology to enhance the global capabilities of Mexico's premier airline."
Price Action: AL shares traded higher by 1.48% at $44.47 on the last check Friday.