PARIS–(BUSINESS WIRE)–Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease
placements for six new Airbus A330-900neo aircraft with Virgin Atlantic
Airways. The six new A330-900neos are scheduled to deliver to the
airline starting in 2021 through 2022 from ALC’s order book with Airbus.
“ALC is pleased to confirm another historic and important transaction
with Virgin Atlantic Airways for six new A330-900neos to update and
modernize the airline’s long-haul widebody fleet,” said Marc Baer,
Executive Vice President of Air Lease Corporation. “We appreciate Virgin
Atlantic Airways’ long history of working with the ALC management team
to optimize their jet fleet.”
“A crucial part of Virgin Atlantic’s strategy is collaboration with
partners and our announcement with Air Lease Corporation will play a
pivotal role in our fleet transformation,” said Shai Weiss, Chief
Executive Officer of Virgin Atlantic Airways. “We will be proud to
operate the youngest, cleanest fleet yet, with an average age of just
five years. A total reaffirmation of our commitment to sustainable
travel. Our partnership with ALC will also allow us to continue
innovating for our customers to create an on-board experience we know
they will love.”
These six new A330-900neos from ALC are intended to replace Virgin
Atlantic Airways’ older Airbus A330 jets in the airline’s fleet. In
addition to the six A330-900neos on lease from ALC, Virgin Atlantic
Airways has four new A350-1000 aircraft on long-term lease from the
Lessor scheduled for delivery in 2020 and 2021 which were previously
announced.
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. For more information, visit ALC’s website at www.airleasecorp.com.
Contacts
Investors:
Mary Liz DePalma
Assistant Vice President, Investor
Relations
Email: [email protected]
Media:
Laura Woeste
Manager, Media and Investor Relations
Email:
[email protected]
Jason Arnold
Assistant Vice President, Finance
Email: [email protected]
