18 Sep 2013

Boeing, ALC Finalize Order for 30 787-10 and 3 787-9 Dreamliners

Source: Boeing; Sept. 18, 2013

Airplanes provide ideal size, capabilities, operating costs


SEATTLE, Sept. 18, 2013 – Boeing [NYSE: BA] and Air Lease Corporation [NYSE: AL] announced today that they have completed an order for 30 787-10 and three 787-9 Dreamliners. The order, valued at $9.4 billion at list prices, fulfills the commitment originally announced during the 2013 Paris Air Show in June.

"We are thrilled to be adding 787-10s and additional 787-9s to our portfolio," said ALC Chairman and CEO Steven Udvar-Házy. "The performance characteristics of the 787-10 will build on the 787 family's success in the marketplace by providing the ideal size, capabilities and economical operating costs for medium to long-haul markets."

The new 787-10, launched in June 2013, will extend and complement the Dreamliner family, carrying 300 to 330 passengers up to 7,000 nautical miles (12,964 km), while providing 25 percent more fuel efficiency than airplanes of its size today and more than 10 percent better than anything being offered by the competition for the future. The 787-9 completed its first flight this week and is scheduled for first delivery in mid 2014.

"ALC is an ideal partner to help establish the 787-10 in the airplane leasing market,” said Boeing Commercial Airplanes President and CEO Ray Conner. "The ALC team has an excellent understanding of its airline customers’ requirements and a successful track record placing Boeing airplanes that meet those needs.”

This order for 787-9s and 787-10s adds to the more than 180 Boeing airplanes that ALC already has on order including Next-Generation 737-800s, 737 MAX 8s and 9s, 777-300ERs and 787-9s. The 787-10, which will deliver in 2018, has 102 orders and commitments from five customers.
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Boeing Contact:
Tim Bader
North America/Leasing Communications
Boeing Commercial Airplanes
+1 425-717-0672
tim.s.bader@boeing.com

More information: http://www.newairplane.com/787/787-10_announcement...

Photo courtesy of Boeing and available here: http://boeing.mediaroom.com

Air Lease Contacts:

Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Email: rmckenna@airleasecorp.com

Laura St. John
Media and Investor Relations Coordinator
Email: lstjohn@airleasecorp.com




Investors

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Phone: +1 310.553.0555
Fax: +1 310.553.0999
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Media

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Laura St. John

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lstjohn@airleasecorp.com