Air Lease Corporation Announces Delivery of New Airbus A350-1000 Aircraft to Air Caraibes Atlantique and First New Airbus A350-1000 to FrenchBee

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) announced the delivery of two new Airbus A350-1000 aircraft to Groupe Dubreuil Aéro, enhancing their fleet capabilities. One aircraft will serve Air Caraibes Atlantique, while the other will be the first A350-1000 in FrenchBee's fleet. This delivery underscores ALC's commitment to providing advanced, fuel-efficient aircraft to its airline partners, which include three A350-900s already leased to Groupe Dubreuil Aéro. ALC remains focused on global aircraft leasing and continues to expand its operations.

Positive

• Delivery of two new Airbus A350-1000s enhances ALC's leasing portfolio.
• First A350-1000 operational in FrenchBee's fleet signifies market expansion.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A350-1000 aircraft on long-term lease to Air Caraibes Atlantique and one new Airbus A350-1000 to FrenchBee, both part of Groupe Dubreuil Aéro, from ALC’s orderbook with Airbus. The aircraft delivered to FrenchBee is the first A350-1000 to operate in the airline’s all-A350 fleet.

“ALC is pleased to announce these two new A350-1000 deliveries to Groupe Dubreuil Aéro and be the first to introduce the aircraft type to FrenchBee,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “Air Caraibes Atlantique and FrenchBee are excellent partners that continue to serve France, the French Caribbean, South Indian Ocean and Pacific markets with the most technologically advanced, fuel-efficient aircraft.”

In addition to these two new A350-1000s, Groupe Dubreuil Aéro currently has three A350-900s on 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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211215006066/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 did Air Lease Corporation announce on [date]?

Air Lease Corporation announced the delivery of two Airbus A350-1000 aircraft to Groupe Dubreuil Aéro, enhancing their fleet.

What is the significance of the recent Airbus A350-1000 deliveries for ALC?

The deliveries mark ALC's commitment to providing advanced, fuel-efficient aircraft and strengthening partnerships with airlines.

How many A350-900s does Groupe Dubreuil Aéro currently have from ALC?

Groupe Dubreuil Aéro currently has three A350-900s on lease from Air Lease Corporation.

What are the operational routes for the A350-1000 aircraft delivered to Groupe Dubreuil Aéro?

The aircraft will serve markets including France, the French Caribbean, South Indian Ocean, and Pacific regions.

What stock symbol is associated with Air Lease Corporation?

The stock symbol for Air Lease Corporation is AL.