The Boeing 737-500 was the shortest variant of the 737 Classic series, designed as a modern replacement for the aging 737-200 with significantly improved fuel efficiency. First flown on June 30, 1989, it was a low-wing twin-engine narrow-body airliner powered by CFM56-3 turbofan engines that could seat 108 to 132 passengers. Measuring 101 feet 9 inches in length with a range of 2,375 nautical miles, exactly 389 aircraft were manufactured by Boeing Commercial Airplanes between 1987 and 1999.
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| Aero Contractors | — | 26695 | Nigeria | 0640ae | |
| Aero Contractors | — | 26699 | Nigeria | 0640AF | |
| Aero Contractors | — | 26675 | Nigeria | 0640a8 | |
| Aero Contractors | — | 26672 | Nigeria | 0640aa | |
| Aero Contractors | — | 25387 | Nigeria | 0640ab |