Air Lease Corporation Announces Delivery of One New Airbus A330-900neo Aircraft to Delta Air Lines
Air Lease Corporation (NYSE: AL) successfully delivered its first Airbus A330-900 to Delta Air Lines on April 5th, marking the beginning of a sale-leaseback arrangement with Blackbird Capital II. This delivery is part of a larger agreement involving two A330-900s, with a prior delivery from ALC's order book in October 2020. CEO John L. Plueger expressed satisfaction with the strengthening partnership between ALC and Delta, highlighting the synergy of ALC’s order book with their lease operations.
- First delivery of Airbus A330-900 to Delta signifies strong business relationship.
- Sale-leaseback agreement enhances ALC's revenue stream.
- Growing partnership with Delta showcases ALC's operational capabilities.
- None.
Air Lease Corporation (NYSE: AL) announced the first delivery on April 5th of one new Airbus A330-900 to Delta Air Lines under sale-leaseback with Blackbird Capital II.
This is the first delivery of two new A330-900s under sale-leaseback between Delta and Blackbird Capital II. In addition, in October 2020 ALC delivered one new A330-900 to Delta from ALC’s order book with an additional new A330-900 set to deliver to Delta from ALC’s order book this year.
“ALC is absolutely delighted with its growing relationship with Delta,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation. “These transactions exemplify the complimentary nature of ALC’s strong order book coupled with sale-leasebacks and the use of our management platforms. We are honored that Delta entrusted ALC with this business.”
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)
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 Delta Air Lines
Delta Air Lines (NYSE: DAL) is the U.S. global airline leader in safety, innovation, reliability and customer experience. Powered by our employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining our reputation for award-winning customer service.
Today, and always, nothing is more important than the health and safety of our customers and employees. Since the onset of the COVID-19 pandemic, Delta has moved quickly to transform the industry standard of clean while offering customers more space across the travel journey. These and numerous other layers of protection ensure a safe and comfortable travel experience for our customers and employees.
With our mission of connecting the people and cultures of the globe, Delta strives to foster understanding across a diverse world and serve as a force for social good.
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FAQ
What was delivered to Delta Air Lines by Air Lease Corporation?
What type of agreement involves the Airbus A330-900 delivered to Delta?
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