Boeing [NYSE:BA] and Air Lease Corporation (NYSE: AL) (ALC) announced they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices. The airplane is seen here in an artist's rendering. (Boeing illustration) (PRNewsfoto/Boeing,Air Lease Corp.)

FARNBOROUGH — Belavia-Belarusian Airlines announced a long-term agreement to lease four Boeing 737 MAX 8 aircraft from Air Lease Corporation at Day 2 of the Farnborough Airshow.

The aircraft are scheduled to be delivered in 2019 and 2020 and include options for two additional aircraft.

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“ALC is pleased to announce this placement with Belavia at Farnborough International Airshow today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

“The advanced technologies in the MAX 8 aircraft will provide a new level of efficiency and comfort to Belavia’s customers, and we look forward to continuing our successful relationship with the airline as it optimizes its fleet and expands its network,” determined Udvar-Házy.

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Belavia-Belarusian Airlines currently operates a fleet of 19 Boeing 737 aircraft that are approaching an average age of 20 years old.

The former Tupolev 134 operator mostly flies the 737-300 and 737-500 variant of the Boeing 737.

These aircraft range from nearly 22 to 25 years old and are approaching the end of their useful life.

“Two years ago we began discussing the capabilities of the MAX. This plane stretches to eastern and Western Europe,” continued Udvar-Házy.

“It has been a successful strategy and game to the conclusion that the MAX is at the next phase.”

“There’s one thing I like more on the Tupolevs than Boeing. The Tupolevs have the glass nose.”

“And that is something Boeing has never been able to match,” he concluded.

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“Some passengers still think about the old-fashioned aircraft when they fly with us. We stopped operating the Tupolev two years ago,” said Anatoly Gusarov, Director General of Belavia-Belarusian Airlines.

“To keep the legacy going, we arranged special flights and tours on the plane last year,” he shared.

Alex Khatibi, Executive Vice President of Air Lease Corporation added that “the investment in new Boeing 737-8 MAX aircraft supports Belavia’s continued efforts to be forward-thinking and maintain a modern and versatile fleet to remain competitive in the market.”

READ MORE: Farnborough: ALC Orders 75 737 MAX and Three 787 Aircraft

“Belavia-Belarusian Airlines is systematically continuing to implement the strategy of the fleet renewal, thanks to cooperation with such reliable partners as ALC,” Gusarov added later.

“The acquisition of four next-generation aircraft on a lease will contribute to the further development of the airline and, consequently, to the improvement of the quality of passenger service.”

“We hope that the delivery of the Boeing 737 MAX will allow our passengers to start traveling only with positive impressions and will make flights as comfortable as possible,” finishing his statement.

Air Lease Corporation currently has 138 737 MAX aircraft on order. In April of this year, ALC a $936.8 billion order for eight additional 737 MAX aircraft.

Airways is LIVE at the Farnborough Airshow 2018. Follow our rolling coverage on Twitter at @AIRWAYSLIVE and @AIRWAYSMAGAZINE.