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Air Lease Corporation Announces Lease Placement of Three New Airbus A350-900 Aircraft with Air France
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Rhea-AI Summary
Air Lease Corporation (NYSE: AL) announced long-term lease agreements for three new Airbus A350-900 aircraft with Air France, scheduled for delivery in Q2 2024. This deal supports Air France’s long-haul fleet modernization efforts. Additionally, ALC will deliver nine Airbus A321neo aircraft to the Air France-KLM Group between late 2023 and 2026, along with five Boeing 737s to Transavia in the first half of this year. The Air France-KLM Group is ALC’s largest European customer, which also includes Transavia Netherlands and Transavia France.
Positive
Long-term lease of three Airbus A350-900 aircraft enhances ALC's portfolio.
Continued collaboration with Air France-KLM Group strengthens ALC's position in Europe.
Delivery of nine Airbus A321neo aircraft planned between late 2023 and 2026.
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LOS ANGELES--(BUSINESS WIRE)--
Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for three new Airbus A350-900 widebody aircraft with Air France. The aircraft are scheduled to deliver to Air France in the second quarter of 2024 from ALC’s order book with Airbus.
“This strategic lease placement of three new A350-900s is another important step in the long-haul fleet modernization of Air France,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “The Air France-KLM Group is our largest European airline leasing customer, encompassing not only Air France and KLM, but also includes Transavia Netherlands and Transavia France. ALC also has nine new Airbus A321neo aircraft delivering to the Group between late 2023 and 2026, and five Boeing 737s delivering to Transavia during the first half of this year, all on long-term leases.”
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 Air France
Since 1933, Air France has been promoting and highlighting France throughout the world. With an activity divided between passenger transport, cargo transport and aeronautical maintenance, Air France is a major air transport player. More than 42,000 staff that make up its workforce are committed on a daily basis to offering each customer a unique travel experience.
Air France, KLM Royal Dutch Airlines and Transavia make up the Air France-KLM Group. The leading group in terms of intercontinental traffic on departure from Europe, Air France-KLM is a major player in the global air transport industry.
