Air Lease Corporation Announces the Placement of Two Additional New Airbus A350-900 Aircraft with Malaysia Airlines Berhad
May 23 2016 - 4:32PM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long-term lease
agreements for an additional two new Airbus A350-900 aircraft with
Malaysia Airlines Berhad. This transaction follows ALC’s September
2015 placement of four new A350-900s with the airline. The two new
aircraft are scheduled to deliver in the second quarter of 2018
from ALC’s order book with Airbus.
“ALC couldn’t be more pleased to place these two additional
aircraft with Malaysia Airlines Berhad. In addition to the four
A350-900s placed by ALC last year, we are confident that these two
additional A350-900 aircraft will further maximize Malaysia
Airlines’ business operations as well as global growth,” said
Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief
Executive Officer.
Malaysia Airlines CEO Christoph Mueller said, “The additional
two Airbus A350-900s will complement the existing four (4) that are
on order to reach a critical fleet size, allowing standby aircraft
for any scheduled maintenance and enabling future network
expansion. Technological and innovative advancements make flying
this aircraft a real pleasure and it will bring a whole new
experience to our offerings, with the aircraft able to operate
non-stop from Kuala Lumpur to London and throughout Asia. We are
very pleased to partner with Air Lease Corporation again on this
strategic transaction.”
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160523006393/en/
Air Lease CorporationInvestors:Ryan McKennaVice
President310-553-0555rmckenna@airleasecorp.comorMedia:Laura St.
JohnManager, Media and Investor
Relations310-553-0555lstjohn@airleasecorp.com
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