Air Lease Corporation Announces Placements of Six New Airbus A321neo Aircraft with Air Arabia
September 26 2016 - 5:31AM
Today Air Lease Corporation (NYSE:AL) announced long term lease
agreements for six new Airbus A321neo aircraft with Air Arabia
(Sharjah, UAE). The aircraft are from ALC’s order book with Airbus,
delivering between January and October 2019.
“We are delighted to have signed these six new
A321neo aircraft leases with our good friends at Air Arabia.
These new jets will complement the core A320 family fleet that Air
Arabia operates,” said Steven F. Udvar-Házy, Executive Chairman of
Air Lease Corporation. “Air Arabia will now be able to expand
into new destinations as well as increase capacity on their highest
density routes with the most modern aircraft in this category.”
"The new technology Airbus A321neo offers range
optimization as well as reduced fuel consumption and carbon
emissions, resulting in a very cost-effective aircraft option for
Air Arabia’s widespread route network," said Alex Khatibi,
Executive Vice President of Air Lease Corporation.
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 Air Arabia
Air Arabia (PJSC), listed on the Dubai Financial
Market, is the Middle East and North Africa’s leading low-cost
carrier (LCC). Air Arabia commenced operations in October 2003 and
currently operates a total fleet of 43 new Airbus A320 aircraft,
serving some 120 routes from five hubs in the UAE, Morocco, Egypt
and Jordan. Air Arabia is an award-winning airline that focuses on
offering comfort, reliability and value-for-money air travel. For
further information, please visit: www.airarabia.com.
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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