Air Lease Corporation Announces Second Placement of Airbus A320-200neo with Atlantic Airways
October 17 2018 - 4:31PM
Business Wire
Air Lease Corporation (NYSE: AL; “ALC”) announced a long term
lease agreement for one Airbus A320-200neo with Atlantic Airways,
the national airline of the Faroe Islands. This A320-200neo is the
second of two A320neo aircraft leased to Atlantic Airways and will
deliver in April 2020 from ALC’s order book with Airbus.
“ALC is delighted to announce this second A320-200neo lease
placement with Atlantic Airways,” said Steven F. Udvar-Házy,
Executive Chairman of Air Lease Corporation. “The A320neo will
enhance the airline’s fleet operations and exceptional passenger
service connecting the Faroe Islands with the world.”
“Atlantic Airways looks very much forward to the lease of the
two modern and fuel-efficient Airbus A320-200neo from Air Lease
Corporation,” said Jóhanna á Bergi, CEO of Atlantic Airways. “The
A320-200neo will increase our seat capacity, enhance passenger
experience and Atlantic Airways’ operations as a national carrier,
air bridge and lifeline.”
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 Atlantic Airways
Atlantic Airways is an international company whose corporate
culture is known by its focus on safety, punctuality, the customer
and the result. The Sørvágur-based company, which is the Faroese
flag carrier airline, currently employs around 172 people. The
Atlantic Airways fleet consists of three aircraft and two
helicopters. The aircraft provide regular service between the
Faroes and a range of cities in Denmark as well as neighboring
countries, with direct routes to Copenhagen, Billund, Aalborg,
Bergen, Reykjavik, Edinburgh, Barcelona, Mallorca, Lisbon, Malta
and Gran Canaria. In addition, the company’s activities include
leasing of aircraft of which half the revenue originate outside of
the Faroes. The helicopter department provides a regular service to
the outer islands, search-and-rescue activities and offshore
transport in the North Atlantic.
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version on businesswire.com: https://www.businesswire.com/news/home/20181017005868/en/
Air Lease CorporationInvestors:Mary Liz DePalmaAssistant Vice
President, Investor RelationsEmail:
mdepalma@airleasecorp.comorMedia:Laura WoesteManager, Media and
Investor RelationsEmail: lwoeste@airleasecorp.com
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