Air Lease Corporation Announces the Lease Placement of Two New Boeing 787-9 Aircraft with Hainan Airlines
May 11 2015 - 6:32AM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long term lease
agreements with Hainan Airlines for two new Boeing 787-9 aircraft,
both from ALC’s order book with Boeing. ALC has ordered 46 new
Boeing 787-9 and 787-10 aircraft in total for deliveries beginning
in spring 2016.
"We are pleased to announce that the first of these two new
Boeing 787-9s leased to Hainan Airlines will be ALC’s very first
Boeing 787-9 delivery. As the longest-range wide-body aircraft in
Hainan’s fleet, these 787-9s will offer additional range and
capacity capabilities beyond the airline’s Boeing 787-8 aircraft
already in operation. This placement marks our third and fourth
aircraft placed on long term lease with Hainan, following two
737-800s in 2010. We look forward to the continued growth of our
relationship with this world-class airline,” said Jie Chen, ALC’s
Executive Vice President and Managing Director, Asia.
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 Hainan Airlines
Since its first flight, Hainan Airlines has been operating
safely for 21 successive years, maintained an excellent safety
record, and its service has won the unanimous approval of a wide
range of passengers and those in the civil aviation industry. In
October 2014, Hainan Airlines won the 2014 annual World Travel
Awards (WTA) "Asia's Best Business Class 2014" award. On January
27, 2015 Hainan Airlines was named as one of the 100 Most Valuable
Chinese Brands selected by the internationally known brand
consultancy and assessment agency “BrandZ”. Since 2011, Hainan
Airlines, with its high quality service standards and continuous
years of service innovation, has won four consecutive global
SKYTRAX five-star airline ratings. Meanwhile, it has also won
SKYTRAX “Best Airline in China” and “Best Staff Service in China”
awards for the fifth time.
Hainan Airlines inherits “Oriental hospitality”, advocates a
“respect for the customer” service spirit, follows the “SMILE”
service standard, passes on the “cherished experience” brand
philosophy, highlights the “Oriental Beauty” new international
brand image, becoming a world-class aviation enterprise and brand
for the Chinese nation.
Investors:Ryan McKennaVice
President310-553-0555rmckenna@airleasecorp.comorMedia:Laura St.
JohnManager, Media and Investor
Relations310-553-0555lstjohn@airleasecorp.com
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