Air Lease Corporation Announces the Lease Placement of Six New Boeing 737 MAX 8 and Six 737-800 Aircraft with Blue Air
June 20 2017 - 1:30AM
Today Air Lease Corporation (NYSE:AL) announced the placement of
six (6) new Boeing 737 MAX 8 and six (6) used 737-800 aircraft on
long-term leases to Blue Air (Romania). The 737-800 aircraft,
which ALC acquired from Pegasus Airlines, began delivering in May
2017 and will continue through Q4 2017. The new 737 MAX 8
aircraft are scheduled for delivery between mid-2019 and Q1 2021,
from ALC’s order book with Boeing.
“We are pleased to announce this strategic lease
placement with Blue Air, a new customer for ALC. We look forward to
a successful long term relationship with Blue Air as it continues
to modernize its fleet in order to offer superior services and cost
efficiencies that are passed on to their customers,” said Marc
Baer, Executive Vice President of Air Lease Corporation.
“This new lease agreement is a great opportunity
to develop and grow our relations with Air Lease Corporation as a
strategic partner sustaining our ambitious development plans.
Adopting the brand new 737 MAX family is an important milestone for
Blue Air and the Romania aviation sector, allowing us to further
improve our operating efficiencies,” said Gheorghe Racaru, Chief
Executive Officer of Blue Air.
"During the past several weeks, Blue Air has
already taken delivery of three of the six Boeing 737-800s from ALC
and has placed them into their flight operations for their 2017
summer schedule," said Steven F. Udvar-Hazy, Executive Chairman of
Air Lease Corporation.
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 an 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.
About Blue Air
As Romania’s leading Airline Company, Blue Air
was founded in Bucharest in 2004 and developed throughout the years
to become a pan European Smart Flying operator with bases in
Romania, Italy, United Kingdom and Cyprus. Since 2016, it has
become the largest Romanian airline by scheduled passengers flown,
operating flights to more than 100 destinations in 16 countries.
The Smart Flying model provide superior passenger satisfaction
through proven safe operations, reliable wide network schedule, and
a customer centric approach offering our guests an affordable and
friendly experience.
Investors:
Mary Liz DePalma
Director of Investor Relations
Email: mdepalma@airleasecorp.com
Media:
Laura St. John
Manager, Media and Investor Relations
Email: lstjohn@airleasecorp.com
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