AerCap, the world's biggest aircraft leasing company which is headquartered in Dublin, has agreed lease deals with Air Europa for the long-term lease of five Boeing 787-9 aircraft and ten Boeing 737-8 MAX aircraft.
The aircraft will start to be delivered from 2024 up to 2026.
Air Europa will become the first Spanish operator of the Boeing 737 MAX aircraft.
"With this landmark transaction for the airline, we are delighted to reconfirm our belief in the Air Europa business and management team and wish them every success with their fleet modernisation programme," Peter Anderson, Chief Commercial Officer at AerCap said.
"The future is bright for the Boeing 787 and MAX programmes. For Air Europa these new technology fuel-efficient aircraft will provide improved cost efficiencies and help them to meet their sustainability commitments," he added.