As part of their plans to support the transition to the most fuel-efficient aircraft, Financial services company Standard Chartered and Dubai-based carrier, flydubai, have signed the Sale and Leaseback (SLB) agreement for five new Boeing 737 MAX jets.
The SLB agreement is another example of how Standard Chartered Aviation Finance is playing a part in the Bank’s journey to net zero by 2050
As per the deal, four jets were delivered between March and May 2022 with the remaining aircraft scheduled to arrive from Boeing, before the end of the first half of the year.
The transaction which was structured, financed, and arranged exclusively by Standard Chartered, will support the future growth of the airline’s fleet and highlights the strong and long-standing relationship between flydubai and Standard Chartered.
flydubai, which currently has around 60 aircraft in its fleet, will continue to look at airplanes available in the market to expand its fleet.
The airline, which had 11 Boeing 737 Max jets in 2019, will add 23 more of those airplanes to its fleet in 2022.
