Air Lease Corporation Announces Lease Placement of Five New Boeing 787-9 Dreamliners with China Southern Airlines
February 06 2017 - 6:34AM
Today Air Lease Corporation (NYSE:AL) announced long term lease
agreements with China Southern Airlines for five new Boeing 787-9
aircraft outfitted with GE’s GEnx engines, all from ALC’s order
book with Boeing. Delivery of the aircraft is scheduled to
begin in the first quarter of 2019, with three deliveries in 2019
and two deliveries in 2020.
“We are pleased to further grow our relationship
with one of the premier airlines in China and a long term strategic
customer for ALC,” said Jie Chen, Air Lease Corporation’s Executive
Vice President and Managing Director, Asia.
ALC currently has Airbus A320s, A321s, and Boeing
737-800s on lease to China Southern Airlines.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including expected delivery dates. Such
statements are based on current expectations and projections about
our future results, prospects and opportunities and are not
guarantees of future performance. Such statements will not be
updated unless required by law. Actual results and
performance may differ materially from those expressed or
forecasted in forward-looking statements due to a number of
factors, including those discussed in our filings with the
Securities and Exchange Commission.
About Air Lease Corporation (NYSE:AL)
ALC is a leading aircraft leasing company based in
Los Angeles, California that has airline customers throughout
the world. ALC and its team of dedicated and experienced
professionals are principally engaged in purchasing commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions.
For more information, visit ALC's website at
www.airleasecorp.com.
About China Southern Airlines
China Southern Airlines Co., Ltd. is based in
Guangzhou, and operates the largest fleet, most developed route
network and largest passenger capacity of any airline in The
People's Republic of China. Currently, China Southern Airlines
operates 700 passenger and cargo transport aircrafts, including
Boeing 787,777, 747, 757& 737 and Airbus A380, A330, A321,A320,
A319. The airline fleet is ranked the first in Asia and the 4th in
the world (Data: IATA, in terms of fleet size). China Southern
Airlines is the first airline in the world to operate both A380 and
787.
Investors:
Ryan McKenna
Vice President
Email: rmckenna@airleasecorp.com
Media:
Laura St. John
Manager, Media and Investor Relations
Email: lstjohn@airleasecorp.com
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