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Tue, May 01, 2012

Air Lease Corporation Announces First Boeing 787-9 Lease Transaction

Dreamliners Included In Recent Aircraft Purchases And Lease Placements

Air Lease Corporation says it has completed transactions covering 11 twin aisle aircraft and two single aisle aircraft.

The deals include the purchase of eight new Boeing 787-9 aircraft for lease to Vietnam Airlines. Deliveries of the eight 787-9 "Dreamliner" aircraft are scheduled for 2017 and 2018. This transaction marks ALC's longest lead time for a lease placement to date. ALC also bought a B777-300ER on long term lease to Emirates (a new customer for ALC) from Macquarie Aviation.

The company also acquired one incremental A330-200 on long term lease to KLM delivering in 2013, an A330-300 from the ALC pipeline on long term lease to Sichuan Airlines delivering in 2013. Sichuan airlines also executed a four year extension on one A319 aircraft currently on lease from ALC, and an Embraer 190 from the ALC pipeline leased to LAM (Mozambique) delivering in 2012.

“These global lease placements demonstrate the growth of our widebody business in Asia, the addition of Emirates to our customer base, our increasing level of business with KLM, as well as our further expansion into proven carriers in Southern Africa such as LAM. The marketplace for the products represented by these lease placements remain strong," said John L. Plueger, President & Chief Operating Officer of ALC. (Artist's rendering provided by Boeing)

FMI: www.airleasecorp.com

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