Griffin orders five Boeing 737 MAX 8s

Griffin Global Asset Management – the aircraft leasing company founded by CEO Ryan McKenna and backed by Bain Capital Credit – has announced a direct order with Boeing for five new 737 MAX 8 aircraft. The purchase is Griffin’s first direct order as the company states that it sees strategic opportunities to place the aircraft during the market recovery. The delivery date of the aircraft has not been disclosed.

“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,” said Ryan McKenna, founder, and CEO of Griffin.

The 737-8 seats up to 189 passengers and can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers.

“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,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.