FlySafair Boosts Fleet with Boeing 737-800

South African low-cost carrier FlySafair (FA) has expanded its fleet with one Boeing 737-800 aircraft leased from Aircraft Engine Lease Finance, Inc. (AELF).

This transaction, financed by Investec Bank Limited (“Investec”), marks FlySafair’s commitment to modernising its fleet transitioning from 737-400s into a 737-800-focused fleet, as noted by AELF.

The leased aircraft, identified by its manufacturer’s serial number (MSN) 40972, is a 2016-built Boeing 737-800. This marks the second 737-800 leased to FlySafair by AELF in 2024, as announced by AELF on October 21, 2024.

Strengthening Partnerships in African Aviation

Commenting on the new lease agreement, Joe Cirillo, Chief Commercial Officer of AELF, highlighted the company’s ongoing efforts to acquire and lease 737-NG aircraft. He expressed appreciation to Investec and congratulated FlySafair on the fleet expansion.

“Our thanks to Investec and congratulations to the team at FlySafair on the addition to its fleet,” Cirillo said, acknowledging the collaboration between South African companies in this transaction (seller, lender, and lessee).

Bradley Gordon, Head of Aviation Finance at Investec in South Africa, emphasised the significance of this partnership in fostering growth within the African aviation sector. He also noted the importance of innovative financing solutions.

“Investec is proud to have concluded its first deal with AELF,” Gordon stated. “This transaction not only highlights our commitment to innovative financing solutions but also reinforces the importance of partnerships in driving growth within African aviation.”   

Kirby Gordon, Chief Marketing Officer for FlySafair, expressed the airline’s satisfaction with the new addition and its alignment with their goals.

“We’re pleased to welcome another top-quality aircraft delivered by AELF into our fleet,” Gordon said. “Leases like this one enable us to continue offering a service that is affordable, reliable, and hassle-free.”