Air Lease Corporation Announces Delivery of First of Nine New Airbus A321-200neo Aircraft to ITA Airways

Rhea-AI Summary

Air Lease Corporation (AL) Announces Delivery of New Airbus A321-200neo Aircraft to ITA Airways

Positive

• ITA Airways expands its fleet with the delivery of a new Airbus A321-200neo from Air Lease Corporation (AL)
• The A321neo will enhance ITA Airways' operating efficiency and competitiveness in its all-Airbus fleet

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways. This aircraft is the first of nine new Airbus A321s confirmed to deliver to the Italian airline from ALC’s order book with Airbus in 2023 through 2025.

“ALC is pleased to announce this delivery of one new Airbus A321-200neo aircraft to ITA Airways and be the first to introduce the A321neo to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321neo will bring a new level of operating efficiency and competitiveness to ITA’s growing all-Airbus fleet.”

This A321neo joins ITA Airways fleet which currently stands at 81 aircraft, and includes new generation A220, A320neo, A330neo and A350 aircraft.

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 ITA Airways

ITA Airways is a company totally owned by the Italian Ministry of Economy and Finance for the exercise of business in the air transport sector. ITA Airways aims at creating an efficient and innovative air carrier that will become a reference point in providing Italy with quality connectivity both in terms of international destinations, thus boosting tourism and foreign trade, and within the Country, also taking advantage of the train-air integrated mobility. ITA Airways will place the best customer service at the center of its strategy (through a strong digitization of processes that ensure a best-in-class experience and personalized services), combined with sustainability, in its environmental (new green and technologically advanced aircraft, use of sustainable fuels), social (equality and inclusion for a gender-neutral company) and governance (integration of sustainability into internal strategies and processes) aspects. ITA Airways is a member of SkyTeam alliance as of October 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231110537420/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

Source: Air Lease Corporation

FAQ

How many new Airbus A321s are confirmed to deliver to ITA Airways from ALC’s order book with Airbus in 2023 through 2025?

ITA Airways is set to receive nine new Airbus A321s from ALC's order book with Airbus in the next few years.

What is the current size of ITA Airways' fleet?

ITA Airways' fleet currently stands at 81 aircraft, including the new generation A220, A320neo, A330neo, and A350 aircraft.

Who is the Executive Chairman of Air Lease Corporation?

Steven F. Udvar-Házy is the Executive Chairman of Air Lease Corporation.