US and Ireland-based aircraft lessor Griffin Global Asset Management, better known as Griffin, placed its first direct order with Boeing for five new Boeing 737 MAX 8 jets on September 1, 2021.

The Boeing 737 MAX 8 has a capacity for 189 passengers and is capable of flying 3,550 nautical miles (6574.6 kilometers).

"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," said Ryan McKenna, the CEO of Griffin. "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."

Boeing reported that other customers placed a gross order of 529 aircraft from the Boeing 737 MAX family in 2021, along with the recent Griffin order.

"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’s senior vice president of Commercial Sales and Marketing.

Griffin is a commercial aircraft leasing and alternative asset management company backed by a US-based capital market organization Bain Capital Credit.