AerCap signs lease agreements for two Boeing 737 aircraft with Aloula Aviation

AerCap Holdings (AER) announced it has signed lease agreements for two Boeing (BA) 737-800 aircraft. The aircraft will be operated by Mukamalah Aviation Company, a wholly owned subsidiary of Aramco, operating under the brand name “Aloula Aviation,” for the transportation of Aramco Group passengers in Saudi Arabia. The Aramco Group has been a long-time customer of AerCap through its helicopter business, Milestone Aviation, which is a leading provider of leased and financed helicopters