Air Lease Corporation Announces Lease Placement of Two New Airbus A350-1000 Aircraft with Virgin Atlantic

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A350-1000 aircraft with Virgin Atlantic, expected to deliver in 2023 and 2024. This move aligns with ALC's commitment to support Virgin Atlantic's fleet modernization and sustainable travel efforts. Executive Chairman Steven F. Udvar-Házy emphasized the long-standing partnership with the airline, highlighting the significance of these new aircraft in enhancing Virgin Atlantic's operations.

Positive

• Long-term lease agreements secured for two Airbus A350-1000s.
• Strengthens partnership with Virgin Atlantic.
• Supports Virgin Atlantic's commitment to fleet modernization and sustainable travel.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A350-1000 aircraft with Virgin Atlantic. The two new A350-1000s are scheduled to deliver to the airline in 2023 and 2024 from ALC’s orderbook with Airbus.

“We are pleased to announce this placement of two new Airbus A350-1000s with Virgin Atlantic,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC’s long history with the airline has been focused on fleet transformation and modernization, and these two new aircraft will add to Virgin Atlantic’s growing A350 operations and commitment to sustainable travel.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005493/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 recently concerning Virgin Atlantic?

Air Lease Corporation announced long-term lease agreements for two Airbus A350-1000 aircraft with Virgin Atlantic, scheduled for delivery in 2023 and 2024.

How do the new aircraft leases impact Air Lease Corporation's business?

The new leases enhance Air Lease Corporation's portfolio and strengthen its long-standing relationship with Virgin Atlantic, focusing on fleet modernization.

What is the significance of the Airbus A350-1000 leases for Virgin Atlantic?

The leases will aid Virgin Atlantic in expanding its A350 operations and commitment to sustainable travel.

When will the Airbus A350-1000s be delivered to Virgin Atlantic?

The Airbus A350-1000 aircraft are scheduled for delivery in 2023 and 2024.

What is Air Lease Corporation's stock symbol?

Air Lease Corporation's stock symbol is AL.