Red Sea Airlines Leases Boeing Jets Amid Fleet Expansion Plans
Red Sea Airlines has signed an agreement to lease two new Boeing 737 MAX 8 aircraft from SMBC Aviation Capital. The deliveries are scheduled for July and August 2027, as part of the airline's fleet expansion plans.
The agreement was finalized by Chief Executive Ahmed Shanan in the presence of Chairman and founder Hatem Kenawy and board members. This move is expected to enhance connectivity to destinations such as Sharm El Sheikh, Hurghada, and Sphinx, which serve the Red Sea region, the Pyramids, and the Grand Egyptian Museum.
Red Sea Airlines is also set to take delivery of a 737-800 NG from Aergo Capital by the end of 2026. The airline is currently in talks with international lessors for seven additional aircraft as it targets a fleet of 14 planes by 2028.
The airline has emphasized its commitment to investing in safety, crew training, maintenance, technology, and customer experience as it expands its operations.