Air Lease Corporation Announces Delivery of First of Ten New Boeing 787-10 Aircraft to Korean Air
Air Lease (NYSE: AL) has delivered the first of ten new Boeing 787-10 aircraft to Korean Air. This delivery marks the beginning of a significant fleet expansion for the Korean flag carrier, strengthening its relationship with ALC. The 787-10 will serve as part of Korean Air's flagship fleet, operating on key global routes. John L. Plueger, CEO of ALC, expressed excitement about supporting Korean Air's growth, while Walter Cho, Chairman and CEO of Korean Air, emphasized the importance of this addition in strengthening their future relationship with ALC.
Currently, ALC has five Boeing aircraft on long-term lease to Korean Air, including two 777-300ERs and three 737-800s. This new delivery further solidifies the partnership between the two companies and enhances Korean Air's fleet with competitive and sustainable aircraft.
Air Lease (NYSE: AL) ha consegnato il primo di dieci nuovi aerei Boeing 787-10 a Korean Air. Questa consegna segna l'inizio di una significativa espansione della flotta per il vettore di bandiera coreano, rafforzando la sua relazione con ALC. Il 787-10 farà parte della flotta di punta di Korean Air, operando su rotte globali chiave. John L. Plueger, CEO di ALC, ha espresso entusiasmo per il supporto alla crescita di Korean Air, mentre Walter Cho, Presidente e CEO di Korean Air, ha sottolineato l'importanza di questa aggiunta per rafforzare la loro futura collaborazione con ALC.
Attualmente, ALC dispone di cinque aeromobili Boeing in leasing a lungo termine per Korean Air, tra cui due 777-300ER e tre 737-800. Questa nuova consegna consolida ulteriormente la partnership tra le due aziende e migliora la flotta di Korean Air con aerei competitivi e sostenibili.
Air Lease (NYSE: AL) ha entregado el primero de diez nuevos aviones Boeing 787-10 a Korean Air. Esta entrega marca el inicio de una importante expansión de la flota para el transportador de bandera coreano, fortaleciendo su relación con ALC. El 787-10 será parte de la flota insignia de Korean Air, operando en rutas globales clave. John L. Plueger, CEO de ALC, expresó su entusiasmo por apoyar el crecimiento de Korean Air, mientras que Walter Cho, Presidente y CEO de Korean Air, enfatizó la importancia de esta adición para fortalecer su relación futura con ALC.
Actualmente, ALC tiene cinco aviones Boeing en leasing a largo plazo con Korean Air, incluyendo dos 777-300ER y tres 737-800. Esta nueva entrega solidifica aún más la asociación entre las dos compañías y mejora la flota de Korean Air con aviones competitivos y sostenibles.
에어 리스 (NYSE: AL)가 한국항공에 10대의 새로운 보잉 787-10 항공기 중 첫 번째 항공기를 인도했습니다. 이번 인도는 한국 국적 항공사의 중요한 항공기 확대의 시작을 알리며, ALC와의 관계를 강화합니다. 787-10은 한국항공의 주력 항공기 플릿의 일환으로, 주요 글로벌 노선에서 운항될 예정입니다. John L. Plueger ALC CEO는 한국항공의 성장을 지원하게 되어 기쁘다고 전했으며, Walter Cho 한국항공 회장 겸 CEO는 ALC와의 미래 관계를 강화하는 데 있어 이번 추가의 중요성을 강조했습니다.
현재 ALC는 한국항공에 장기 임대 중인 5대의 보잉 항공기를 보유하고 있으며, 이에는 2대의 777-300ER과 3대의 737-800이 포함됩니다. 이번 새로운 인도는 두 회사 간의 파트너십을 더욱 강화하고 한국항공의 플릿에 경쟁력 있고 지속 가능한 항공기를 추가합니다.
Air Lease (NYSE: AL) a livré le premier de dix nouveaux avions Boeing 787-10 à Korean Air. Cette livraison marque le début d'une expansion significative de la flotte pour le transporteur national coréen, renforçant ainsi sa relation avec ALC. Le 787-10 fera partie de la flotte phare de Korean Air, opérant sur des routes mondiales clés. John L. Plueger, PDG d'ALC, a exprimé son enthousiasme pour soutenir la croissance de Korean Air, tandis que Walter Cho, président et PDG de Korean Air, a souligné l'importance de cet ajout pour renforcer leur relation future avec ALC.
Actuellement, ALC a cinq avions Boeing en location à long terme pour Korean Air, y compris deux 777-300ER et trois 737-800. Cette nouvelle livraison solidifie davantage le partenariat entre les deux entreprises et améliore la flotte de Korean Air avec des avions compétitifs et durables.
Air Lease (NYSE: AL) hat die erste von zehn neuen Boeing 787-10 Flugzeugen an Korean Air geliefert. Diese Lieferung markiert den Beginn einer bedeutenden Flottenexpansion für die koreanische Fluggesellschaft und stärkt die Beziehung zu ALC. Der 787-10 wird Teil der Flaggschiffflotte von Korean Air sein und auf wichtigen globalen Strecken eingesetzt werden. John L. Plueger, CEO von ALC, äußerte seine Begeisterung über die Unterstützung des Wachstums von Korean Air, während Walter Cho, Vorsitzender und CEO von Korean Air, die Bedeutung dieser Ergänzung für die Stärkung ihrer zukünftigen Beziehung zu ALC betonte.
Derzeit hat ALC fünf Boeing-Flugzeuge im langfristigen Leasing an Korean Air vergeben, darunter zwei 777-300ER und drei 737-800. Diese neue Lieferung festigt die Partnerschaft zwischen den beiden Unternehmen und erweitert die Flotte von Korean Air mit wettbewerbsfähigen und nachhaltigen Flugzeugen.
- Delivery of the first of ten new Boeing 787-10 aircraft to Korean Air
- Strengthening of the relationship between ALC and Korean Air
- Expansion of Korean Air's flagship fleet with competitive and sustainable aircraft
- ALC has five existing Boeing aircraft on long-term lease to Korean Air
- None.
Insights
The delivery of the first Boeing 787-10 to Korean Air from Air Lease (ALC) marks a significant milestone in the airline's fleet modernization strategy. This is part of a larger order for ten 787-10s, indicating a substantial investment in expanding long-haul capacity and improving fuel efficiency.
The 787-10, being the largest variant of the Dreamliner family, offers enhanced passenger capacity and improved fuel efficiency, potentially boosting Korean Air's profitability on high-demand routes. This move aligns with the industry trend towards more efficient, environmentally friendly aircraft, which could positively impact Korean Air's operational costs and environmental footprint.
For ALC, this delivery strengthens its position in the aircraft leasing market, particularly in the Asia-Pacific region. The long-term lease agreement for multiple aircraft types suggests a deep, strategic partnership between ALC and Korean Air, which could lead to future business opportunities and stable revenue streams for ALC.
This delivery represents a positive development for Air Lease (NYSE: AL). The commencement of deliveries from a ten-aircraft order signifies the start of a substantial revenue stream. Typically, aircraft leases generate steady, long-term cash flows, which are favorable for ALC's financial stability and growth prospects.
For context, wide-body aircraft like the 787-10 command higher lease rates compared to narrow-body aircraft. While specific financial terms aren't disclosed, this deal likely contributes significantly to ALC's future contracted revenues. The existing portfolio of five Boeing aircraft already on lease to Korean Air further solidifies this revenue base.
Investors should note that such large-scale, long-term agreements with major airlines can enhance ALC's market position and potentially its credit rating, which could lead to more favorable financing terms for future aircraft acquisitions. This deal may also signal increased demand for aircraft leasing services in the post-pandemic recovery phase of the aviation industry.
“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
About Korean Air
Korean Air is both the flag carrier and the largest airline of
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Investors:
Jason Arnold
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Email: investors@airleasecorp.com
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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
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