Air Lease Corporation Announces Delivery of First of Ten New Boeing 787-10 Aircraft to Korean Air
August 07 2024 - 6:31AM
Business Wire
Air Lease Corporation (NYSE: AL) announced the delivery of one
new Boeing 787-10 to Korean Air. This aircraft is the first of ten
787-10s confirmed to deliver to the Korean flag carrier from ALC’s
orderbook with Boeing.
“ALC is thrilled to announce delivery of the first of ten new
Boing 787-10 aircraft leased to our longtime customer, Korean Air.
We are honored to continue to build on our strong relationship with
Korean and support its exciting and transformational growth as one
of the world’s premier airlines,” said John L. Plueger, Chief
Executive Officer and President of Air Lease Corporation.
“Korean Air is excited to extend our strong relationship with
ALC,” said Walter Cho, Chairman and Chief Executive Officer of
Korean Air. “Korean Air has been a longtime loyal customer of ALC,
and this addition will strengthen the future relationship. The
787-10 from ALC will be part of Korean Air's flagship aircraft,
serving many key destinations around the world. With competitive
and sustainable aircraft such as the 787-10, ALC and Korean Air
will continue to strengthen the already strong relationship between
the two companies.”
ALC currently has five Boeing aircraft on long-term lease to
Korean Air, including two 777-300ERs and three 737-800s.
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)
Air Lease Corporation is a leading global 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 new commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. The
company routinely posts information that may be important to
investors in the “Investors” section of its website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult Air Lease Corporation’s website regularly for
important information. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
About Korean Air
Korean Air is both the flag carrier and the largest airline of
South Korea, with global headquarters located in Gonghang Dong,
Gangseo-gu, Seoul, South Korea. Korean Air's international
passenger division and related subsidiary cargo division together
serve 130 cities in 45 countries, while its domestic division
serves 20 destinations. It is among the top 20 airlines in the
world in terms of passengers carried and is also the top-ranked
international cargo airline. Incheon International Airport serves
as Korean Air's international hub.
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version on businesswire.com: https://www.businesswire.com/news/home/20240807472283/en/
Investors:
Jason Arnold Vice President, Investor Relations Email:
investors@airleasecorp.com
Media:
Laura Woeste Senior Manager, Media and Investor Relations Email:
press@airleasecorp.com
Ashley Arnold Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
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