UK low-cost carrier Monarch Airlines is understood to have converted its order for Boeing 737 MAX8s into a sale-and-leaseback deal. The London Luton-based carrier, which on Oct. 12 announced it had received a £165 million ($203 million) injection from majority shareholder Greybull Capital that allowed it to keep flying, placed the order for 30 MAX 8s, together with 15 options, in October 2014. The first is scheduled to be delivered in 2018. Neither Monarch nor Boeing would comment on ...

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