Air Lease Corporation Announces the Delivery of First New Airbus A350 XWB Aircraft to Malaysia Airlines Berhad
November 29 2017 - 3:05PM
Today Air Lease Corporation (NYSE:AL) (ALC) announced the delivery
of its first Airbus A350 XWB aircraft, on lease to Malaysia
Airlines Berhad (MAB). This aircraft is the first of six new
A350-900s leased to the airline, with the additional five aircraft
delivering through the third quarter of 2018 from ALC’s order book
with Airbus.
“ALC could not be more pleased to announce this
milestone delivery of our first A350 XWB. We are honored to
have Malaysia Airlines Berhad as our first customer, and look
forward to further building out the marketplace with this
game-changing aircraft,” said John L. Plueger, Air Lease
Corporation’s Chief Executive Officer and President.
“We have worked closely with Malaysia Airlines
Berhad on this six aircraft transaction as they roll out a major
widebody fleet upgrade. We are confident that these six A350 XWB
aircraft leased to MAB will benefit their global business
operations,” said Jie Chen, Air Lease Corporation’s Executive Vice
President and Managing Director, Asia.
Malaysia Airlines CEO Izham Ismail said, “We are very pleased to
work with Air Lease Corporation on this strategic
transaction. The A350 XWB is the most technologically
advanced aircraft and we are confident that it will deliver
exceptional passenger comfort and improve the overall efficiency of
our fleet.”
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 Malaysia Airlines
Malaysia Airlines (malaysiaairlines.com) is the
national carrier of Malaysia and one of Asia's largest, serving
40,000 guests on 330 flights to more than 50 destinations daily.
Malaysia Airlines operates flights from its home base, Kuala Lumpur
International Airport, and offers great connectivity across the
globe; including oneworld® hubs. Malaysia Airlines is a part of
oneworld®, which brings together 15 of the world’s biggest and best
names in the airline industry and 30 affiliate airlines serving
more than 10,000 daily departures. Through this global alliance
Malaysia Airlines offers the best connectivity with seamless
journeys to almost 900 destinations across 150 countries and access
to over 550 airport lounges worldwide.
Contact
Investors:Mary Liz DePalmaDirector of Investor
Relations Email: mdepalma@airleasecorp.com
Media:Laura WoesteManager, Media and Investor
RelationsEmail: lwoeste@airleasecorp.com
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