NASSAU, BAHAMAS — Bahamasair has leased a B737-700 aircraft for $110,000 on average per month, a measure that staves off a $2.5 million heavy maintenance check on an “aged aircraft”.
The “next generation” aircraft touched down at Lynden Pindling International Airport (LPIA) today.
The length of the lease and its total value remains unclear.
According to Bahamasair, the leased plane is the “sister aircraft” of a B737-700 purchased in 2018.
The lease agreement came about following 14 months of discussions.
“When we became aware that the aircraft might be available, Bahamasair recognized that it could not afford to purchase it and so the lease option was explored,” Bahamasair Managing Director Tracy Cooper said.
He said the airline was not increasing its fleet, but replacing an aged aircraft with one that will provide “better economics and savings”.