Leasing

AELF acquires 737-8AL from Airborne Capital

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AELF acquires 737-8AL from Airborne Capital
Aircraft Engine Lease Finance (AELF) has acquired a 737-8AL aircraft serviced by Airborne Capital. ""This aircraft is a welcome addition to our fleet and is right in line with our strategic objectives of expanding our presence in the 737-800 market,"" said AELF head of global marketing Joe Cirillo. ""Airborne Capital has been a great counterparty and we appreciate having had the opportunity to transact with their team."" AELF has been on a campaign to acquire 737-800s in recent months. The company recently announced that it secured a $40 million credit facility, aimed at fleet growth with this asset type, as well as the lease of one of the aircraft to Canada’s Air North.