Industry Boeing receives 737 MAX order from Griffin Global Asset Management

U.S.-American aircraft manufacturer Boeing has announced a new purchase agreement with a new customer. Griffin Global Asset Management has signed a definitive purchase deal with Boeing over five new 737-8 jets, as the company sees potential in the current market recovery situation.

Griffin is a provider for commercial aircraft leasing and alternative asset management and currently as offices in Dublin and Los Angeles. With the new 737-8, the company expands its aircraft portfolio with modern and state-of-the-art aircraft.

Ryan McKenna, founder and CEO of Griffin, commented: “As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand. The 737-8 is well-positioned to support this objective, and this order lays a strong foundation for more to come with Boeing and Griffin on future opportunities.”

Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing, added: "Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio. As Griffin places its first direct order with Boeing, we welcome them to the 737 family and look forward to working with the team in the future."

After two fatal crashes of Boeing 737 MAX aircraft, the worldwide aircraft fleet was grounded for years. Just this Summer, aviation authorities around the world have issued re-certifications for the aircraft. Many airlines across the globe have restarted MAX operations.

Boeing manufactures the aircraft family in Renton, Washington. Due to its technological and aerodynamical advantages, the 737-8 is capable of flying 600 miles farther (3,550 nautical miles) than its predecessor, while seating up to 189 passengers.