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AerCap Leases Boeing 737 MAX and 737NG Aircraft to FlySafair

AerCap Leases Boeing 737 MAX and 737NG Aircraft to FlySafair
Strategic Fleet Modernization Partnership
AerCap Holdings N.V. (NYSE: AER) has entered into lease agreements with South African low-cost carrier FlySafair for three Boeing 737 MAX 8 aircraft and two Boeing 737-800NG aircraft. Announced at the Dubai Airshow 2025, the deal marks a significant milestone in FlySafair’s ongoing efforts to modernize its fleet. Deliveries of the 737 MAX 8s are scheduled to commence in the first quarter of 2028, while the 737-800NGs are expected to arrive starting in the third quarter of 2026.
Peter Anderson, AerCap’s Chief Commercial Officer, expressed enthusiasm about the partnership, emphasizing the company’s commitment to supporting FlySafair’s expansion plans. He acknowledged the airline’s growing network and the increasing demand for air travel that the new aircraft will help accommodate. Kirby Gordon, FlySafair’s Chief Marketing Officer, underscored the importance of the collaboration, highlighting the introduction of the Boeing 737 MAX as a key investment in operational efficiency, sustainability, and enhanced passenger experience.
Industry Context and Implications
The addition of the Boeing 737 MAX aircraft is anticipated to improve FlySafair’s operational efficiency and bolster its capacity amid rising passenger demand. Anbessie Yitbarek, Vice President Sales and Marketing for Africa at Boeing Commercial Airplanes, noted that FlySafair will join over 80 airlines worldwide operating the 737 MAX, praising AerCap’s role in facilitating the agreement.
This transaction aligns with a broader industry trend toward fleet renewal and expansion. The U.S. Federal Aviation Administration (FAA) recently approved an increase in Boeing 737 MAX production to 42 units per month, reflecting sustained confidence in the aircraft’s safety and regulatory compliance. Both AerCap and FlySafair have emphasized their commitment to meeting stringent safety standards as part of the lease arrangement.
The deal also signals intensifying competition among aircraft lessors and airlines seeking access to next-generation, fuel-efficient aircraft. Other African carriers, including Ethiopian Airlines, are similarly expanding their Boeing MAX fleets and exploring additional widebody acquisitions, illustrating a regional shift toward modernizing air travel capabilities.
Company Profiles and Regional Impact
AerCap, headquartered in Dublin and publicly traded on the New York Stock Exchange, is a global leader in aviation leasing, serving approximately 300 customers worldwide. FlySafair, recognized as Southern Africa’s leading low-cost carrier, operates domestic flights across ten airports and maintains five international routes. The airline was recently named the top on-time low-cost carrier in Africa and the Middle East by Cirium for 2024.
As airlines across Africa and beyond continue to modernize their fleets to meet evolving market demands, partnerships such as that between AerCap and FlySafair are poised to play a crucial role in shaping the future landscape of regional and international air travel.

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