Air Lease Corporation Announces Delivery of New Airbus A321-200neo LR Aircraft to Peach Aviation

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) announced today the delivery of its first Airbus A321-200neo LR to Peach Aviation, marking a significant expansion in the airline's fleet operations. This long-term lease is part of ALC's ongoing partnership with Peach, which already includes two A320-200neos. The A321neo LR, equipped with CFM International LEAP-1A32 engines, enhances Peach Aviation's operational capabilities and supports its commitment to a modern, efficient fleet. ALC's strategy continues to focus on delivering advanced, fuel-efficient aircraft to its global airline customers.

Positive

• Delivery of the first A321-200neo LR to Peach Aviation enhances their fleet.
• Partnership strengthens ALC's global presence in aircraft leasing.
• Incorporation of fuel-efficient aircraft supports operational efficiency.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Peach Aviation, an affiliate of ANA based in Osaka, Japan. Featuring CFM International LEAP-1A32 engines, this is the first of two new A321-200neo LRs confirmed to deliver to the airline from ALC’s orderbook with Airbus. This aircraft is the first A321neo LR to join Peach Aviation’s fleet.

“ALC is delighted to be the first to introduce the A321-200neo LR to Peach Aviation,” said Chi Yan, Senior Vice President of Air Lease Corporation. “The A321neo LR will provide key enhancements to the airline’s fleet operations as Peach continues to add the most modern, fuel-efficient aircraft to their expanding fleet and offer the highest quality passenger experience.”

In addition to this new A321-200neo LR, Peach Aviation currently has two A320-200neos on long-term lease from ALC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected deliveries. 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. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. 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 Peach (www.flypeach.com)

Peach Aviation began services based out of Kansai Airport in March 2012. From seven base airports, i.e., New Chitose, Sendai, Narita, Kansai, Fukuoka, Naha and Chubu Centrair International Airport, we operate 33 domestic and 17 international flights.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208006104/en/

Investors:

Mary Liz DePalma

Vice President, Investor Relations

Email: investors@airleasecorp.com

Jason Arnold

Assistant Vice President, Finance

Email: investors@airleasecorp.com

Media:

Laura Woeste

Senior Manager, Media and Investor Relations

Email: press@airleasecorp.com

Ashley Arnold

Manager, Media and Investor Relations

Email: press@airleasecorp.com

Source: Air Lease Corporation

FAQ

What new aircraft did Air Lease Corporation deliver to Peach Aviation?

Air Lease Corporation delivered an Airbus A321-200neo LR aircraft.

What is the significance of the A321-200neo LR delivery for Peach Aviation?

It marks the first A321neo LR in Peach Aviation's fleet and enhances their operational capabilities.

When was the A321-200neo LR delivered to Peach Aviation?

The delivery was announced today.

What engines does the A321-200neo LR feature?

The aircraft is equipped with CFM International LEAP-1A32 engines.

How many A320-200neos does Peach Aviation currently have from ALC?

Peach Aviation currently has two A320-200neos on long-term lease from ALC.