Air Lease Corporation Signs Support Agreement with Vietnam Airlines

Rhea-AI Summary

Air Lease Corporation (NYSE: AL) has finalized restructuring agreements with Vietnam Airlines for leasing 18 aircraft, comprising 12 Airbus A321neo and 6 Boeing 787-10 jets. These agreements include revised lease terms tailored to the recovering aviation market in Vietnam and Southeast Asia. This strategic move aims to enhance operational efficiency and capitalize on the resurgence of air travel in the region.

Positive

• Restructuring agreements signed with Vietnam Airlines for 18 aircraft, enhancing operational flexibility.
• Focus on the recovering Vietnamese and Southeast Asian aviation markets, which may lead to increased revenue.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) has signed comprehensive restructuring agreements with Vietnam Airlines covering the leasing of 18 aircraft, including 12 Airbus A321neo and six Boeing 787-10 aircraft. These agreements extend terms and revise lease economics closely tailored to the recovering economies and air travel in Vietnam and Southeast Asia.

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/20211216006071/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 recent development involving Air Lease Corporation and Vietnam Airlines?

Air Lease Corporation has signed restructuring agreements with Vietnam Airlines to lease 18 aircraft, including Airbus A321neo and Boeing 787-10 models.

How many aircraft are involved in Air Lease's agreement with Vietnam Airlines?

The agreement involves leasing a total of 18 aircraft, which consists of 12 Airbus A321neo and 6 Boeing 787-10.

What impact do the new agreements have on Air Lease Corporation's business?

The agreements are expected to enhance operational flexibility and capitalize on the recovery of air travel in Vietnam and Southeast Asia.