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Air Lease Corporation Announces Delivery of First of Six New Airbus A220-300 Aircraft to TAAG Angola Airlines

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Air Lease (NYSE: AL) has delivered the first of six new Airbus A220-300 aircraft to TAAG Angola Airlines, Angola's national carrier. This marks the introduction of the A220 to TAAG's fleet and is part of the airline's long-term fleet modernization program. Steven F. Udvar-Házy, Executive Chairman of Air Lease , expressed pleasure in being the first lessor to introduce the A220 to TAAG.

TAAG's CEO, Nelson de Oliveira, stated that adding the A220-300 demonstrates the airline's ambition for modernization and growth. The aircraft will be operated by an Angolan crew, with multiple teams benefiting from comprehensive training programs. This addition aligns with TAAG's expansion plan, which includes new routes and increased frequencies to address market demand.

Air Lease (NYSE: AL) ha consegnato il primo dei sei nuovi aerei Airbus A220-300 a TAAG Angola Airlines, il vettore nazionale dell'Angola. Questo segna l'introduzione dell'A220 nella flotta di TAAG ed è parte del programma di modernizzazione a lungo termine della flotta della compagnia aerea. Steven F. Udvar-Házy, Presidente Esecutivo di Air Lease, ha espresso soddisfazione nel essere il primo locatore a introdurre l'A220 in TAAG.

Il CEO di TAAG, Nelson de Oliveira, ha dichiarato che l'aggiunta dell'A220-300 dimostra l'ambizione della compagnia per la modernizzazione e la crescita. L'aereo sarà operato da un equipaggio angolano, con diversi team che beneficeranno di programmi di formazione completi. Questo sviluppo è in linea con il piano di espansione di TAAG, che include nuove rotte e l'aumento delle frequenze per rispondere alla domanda del mercato.

Air Lease (NYSE: AL) ha entregado el primero de seis nuevos aviones Airbus A220-300 a TAAG Angola Airlines, el transportista nacional de Angola. Esto marca la introducción del A220 en la flota de TAAG y forma parte del programa de modernización de flota a largo plazo de la aerolínea. Steven F. Udvar-Házy, Presidente Ejecutivo de Air Lease, expresó su satisfacción por ser el primer arrendador en introducir el A220 en TAAG.

El CEO de TAAG, Nelson de Oliveira, afirmó que añadir el A220-300 demuestra la ambición de la aerolínea por la modernización y el crecimiento. El avión será operado por una tripulación angoleña, con múltiples equipos que se beneficiarán de programas de capacitación integral. Esta adición se alinea con el plan de expansión de TAAG, que incluye nuevas rutas y un aumento en las frecuencias para satisfacer la demanda del mercado.

에어 리스 (NYSE: AL)가 앙골라의 국적 항공사인 TAAG 앙골라 항공에 새로운 에어버스 A220-300 여객기 6대 중 첫 번째를 인도했습니다. 이는 TAAG의 플릿에 A220을 도입하는 것을 의미하며, 항공사의 장기적인 플릿 현대화 프로그램의 일환입니다. 스티븐 F. 우드바르-하지, 에어 리스의 회장, TAAG에 A220을 도입한 첫 번째 임대사로서의 기쁨을 표명했습니다.

TAAG의 CEO인 넬슨 드 올리베이라는 A220-300을 추가하는 것이 항공사의 현대화와 성장에 대한 야망을 나타낸다고 밝혔습니다. 이 항공기는 앙골라 승무원에 의해 운영되며, 여러 팀이 포괄적인 교육 프로그램의 혜택을 받을 것입니다. 이 추가는 TAAG의 시장 수요에 부응하기 위한 새로운 노선과 빈도 증가를 포함하는 확장 계획과 일치합니다.

Air Lease (NYSE: AL) a livré le premier des six nouveaux avions Airbus A220-300 à TAAG Angola Airlines, le transporteur national de l'Angola. Cela marque l'introduction de l'A220 dans la flotte de TAAG et fait partie du programme de modernisation à long terme de la flotte de la compagnie aérienne. Steven F. Udvar-Házy, Président Exécutif d'Air Lease, a exprimé sa satisfaction de être le premier bailleur à introduire l'A220 dans TAAG.

Le PDG de TAAG, Nelson de Oliveira, a déclaré que l'ajout de l'A220-300 démontre l'ambition de la compagnie pour la modernisation et la croissance. L’avion sera opéré par un équipage angolais, avec plusieurs équipes bénéficiant de programmes de formation complets. Cet ajout s'inscrit dans le plan d'expansion de TAAG, qui comprend de nouvelles lignes et l'augmentation des fréquences pour répondre à la demande du marché.

Air Lease (NYSE: AL) hat die erste von sechs neuen Airbus A220-300 Flugzeugen an TAAG Angola Airlines, den nationalen Fluggesellschaft Angolas, ausgeliefert. Dies markiert die Einführung des A220 in die Flotte von TAAG und ist Teil des langfristigen Modernisierungsprogramms der Fluggesellschaft. Steven F. Udvar-Házy, Executive Chairman von Air Lease, äußerte seine Freude, der erste Vermieter zu sein, der den A220 bei TAAG einführt.

Der CEO von TAAG, Nelson de Oliveira, erklärte, dass die Hinzufügung des A220-300 den Ehrgeiz der Fluggesellschaft für Modernisierung und Wachstum demonstriert. Das Flugzeug wird von einer angolanischen Besatzung betrieben, wobei mehrere Teams von umfassenden Ausbildungsprogrammen profitieren werden. Diese Ergänzung steht im Einklang mit dem Expansionsplan von TAAG, der neue Strecken und eine Erhöhung der Frequenzen umfasst, um der Marktnachfrage gerecht zu werden.

Positive
  • Delivery of first of six new Airbus A220-300 aircraft to TAAG Angola Airlines
  • Introduction of new-generation, fuel-efficient aircraft to TAAG's fleet
  • Support for TAAG's long-term fleet modernization program
  • Alignment with TAAG's expansion plan for new routes and increased frequencies
Negative
  • None.

Insights

The delivery of the first Airbus A220-300 to TAAG Angola Airlines marks a significant step in the airline's fleet modernization strategy. This long-term lease agreement for six A220-300s with Air Lease (ALC) demonstrates TAAG's commitment to upgrading its fleet with more fuel-efficient aircraft.

The A220-300 is known for its fuel efficiency and reduced operating costs, which could potentially improve TAAG's profitability on regional routes. This move aligns with industry trends towards more economical and environmentally friendly aircraft.

For ALC, this deal represents an expansion of its customer base in Africa and showcases its ability to place new-generation aircraft with emerging market carriers. The long-term nature of the lease provides a stable revenue stream for ALC, which is positive for investors.

However, the impact on ALC's overall financial performance may be , given the relatively small scale of the deal in the context of ALC's $5 billion market cap. Investors should monitor for potential follow-on orders or similar deals with other African carriers, which could indicate a growing market for ALC in the region.

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A220-300 to TAAG Angola Airlines, the national carrier of Angola. This is the first A220 aircraft to deliver on long-term lease to TAAG and is the first of six new A220-300s confirmed to deliver to the airline from ALC’s orderbook with Airbus.

“We are pleased to announce ALC’s first of six new A220-300 aircraft delivered to TAAG Angola Airlines,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC is the first lessor to introduce the A220 to the airline and we look forward to assisting TAAG in commencing its long-term fleet modernization program by adding these new-generation, fuel-efficient aircraft.”

“Adding the A220-300 demonstrates TAAG’s ambition for modernization and growth as the company builds a versatile fleet to address market demand under the airline’s expansion plan (new routes and frequencies increase). From a local content empowerment perspective, the aircraft will have an Angolan crew with multiple teams benefiting from comprehensive training programs,” said Nelson de Oliveira, CEO of TAAG.

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 TAAG

TAAG Angola Airlines is the leading airline in the country and is recognized worldwide for its strong high-yield market, having grown its current network to 13 domestic and 11 international destinations. Its fleet allows, in addition to passenger transport, air cargo services which have become essential for Angola´s growth and development. TAAG is a company that prides itself on a strong track record of service and performance excellence. For more information on TAAG Angola Airlines, visit: www.taag.com

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 Airbus A220-300 aircraft is Air Lease (AL) delivering to TAAG Angola Airlines?

Air Lease is delivering a total of six new Airbus A220-300 aircraft to TAAG Angola Airlines.

What is the significance of this A220-300 delivery for TAAG Angola Airlines?

This delivery marks the first A220 aircraft in TAAG's fleet and represents the start of their long-term fleet modernization program.

How does the A220-300 delivery align with TAAG Angola Airlines' strategy?

The A220-300 delivery aligns with TAAG's ambition for modernization and growth, supporting their expansion plan for new routes and increased flight frequencies.

What is Air Lease 's (AL) role in this aircraft delivery to TAAG Angola Airlines?

Air Lease is the first lessor to introduce the A220 to TAAG Angola Airlines, leasing the aircraft on a long-term basis from its orderbook with Airbus.

Air Lease Corporation

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