Yesterday aircraft lessor AerCap announced the signing an agreement with ACMI and charter airline euroAtlantic Airways. The agreement covers the lease of two used Boeing 787-8 aircraft, which will be delivered in the spring of 2021. Once delivered, euroAtlantic will be Portugal’s first 787 operator. ACMI stands for aircraft, crew, maintenance, and insurance – otherwise known as wet leasing.

“We are delighted to support euroAtlantic with two 787-8s, making them the first 787 operator in Portugal. With these new aircraft, euroAtlantic will provide next generation widebody ACMI services to the global market while at the same time enhancing their fleet operations. We wish euroAtlantic every success and we look forward to working with them, together with the Boeing team, as these aircraft deliver.” – Aengus Kelly, CEO of AerCap.

Portugal’s first 787 operator

While euroAtlantic can claim the title of Portugal’s first 787 operator, this is mostly a technicality due to the airline being registered as a Portuguese company. However, as a wet lease operator, an overwhelming majority of the airline’s operations take place outside of Portugal.

“We are very pleased as euroAtlantic Airways will be the first Portuguese operator of the ultra-modern 787 Dreamliner. The 787’s incredible fuel efficiency and range provide tremendous flexibility for our customers as they profitably operate the airplane on a wide range of route networks and business models such as ACMI’s, Wet Lease or Charter flights.” -Eugénio Fernandes, the CEO of the airline.”