Air Lease Corporation Confirms New Lease Agreements with Aeromexico for Nine New Boeing 737 Aircraft

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) announced long-term lease agreements for nine new Boeing 737 aircraft with Aeromexico, consisting of two 737-8s and seven 737-9s. Deliveries are scheduled between July 2022 and August 2023 from ALC’s orderbook with Boeing. ALC is Aeromexico’s largest lessor, enhancing the airline's operational efficiency with modern, fuel-efficient technology. The partnership aims to modernize Aeromexico's fleet, reflecting an ongoing commitment to environmentally friendly aviation.

Positive

• Long-term lease agreements for nine new Boeing 737 aircraft strengthen ALC's relationship with Aeromexico.
• The leasing of fuel-efficient aircraft aligns with global sustainability trends.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for nine new Boeing 737 aircraft with Aeromexico. Consisting of two new 737-8s and seven new 737-9s, the aircraft are scheduled to deliver between July 2022 and August 2023 from ALC’s orderbook with Boeing.

“Air Lease Corporation is Aeromexico’s largest lessor, and we are pleased to further our relationship with the airline with these nine new Boeing 737 aircraft lease placements,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “The 737 offers the most modern, fuel-efficient technology to enhance the global capabilities of Mexico’s premier airline.”

“Aeromexico is delighted once again to partner with ALC to help modernize our fleet with new fuel-efficient and environmentally friendly Boeing aircraft in 2022 and 2023,” said Dr. Andres Conesa, CEO of Aeromexico.

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 Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline has its main hub at Terminal 2 at the Mexico City International Airport. Its destinations network features the United States, Canada, Central America, South America, Asia and Europe. The Group's operating fleet is comprised of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 20th anniversary, and serves in 170 countries by the 19 SkyTeam airline partners. Aeromexico created the Health and Sanitization Management System (HSMS) to protect its clients and employees at all stages of its operation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220325005131/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 is the significance of Air Lease Corporation's lease agreements with Aeromexico?

The lease agreements are significant as they strengthen ALC's position as Aeromexico's largest lessor and contribute to the airline's fleet modernization.

When are the new Boeing 737 aircraft scheduled for delivery to Aeromexico?

The new Boeing 737 aircraft are scheduled for delivery between July 2022 and August 2023.

How many Boeing 737 aircraft is Air Lease Corporation leasing to Aeromexico?

Air Lease Corporation is leasing a total of nine Boeing 737 aircraft to Aeromexico.

What types of Boeing 737 aircraft are included in the lease agreement?

The lease agreement includes two new 737-8s and seven new 737-9s.

What are the benefits of the new aircraft for Aeromexico?

The new aircraft provide modern, fuel-efficient technology, enhancing Aeromexico's operational capabilities and commitment to environmental sustainability.