LOS ANGELES, May 23, 2016 - Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for an additional two new Airbus A350-900 aircraft with Malaysia Airlines Berhad. This transaction follows ALC’s September 2015 placement of four new A350-900s with the airline. The two new aircraft are scheduled to deliver in the second quarter of 2018 from ALC’s order book with Airbus.
“ALC couldn’t be more pleased to place these two additional aircraft with Malaysia Airlines Berhad. In addition to the four A350-900s placed by ALC last year, we are confident that these two additional A350-900 aircraft will further maximize Malaysia Airlines’ business operations as well as global growth,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.
Malaysia Airlines CEO Christoph Mueller said, “The additional two Airbus A350-900s will complement the existing four (4) that are on order to reach a critical fleet size, allowing standby aircraft for any scheduled maintenance and enabling future network expansion. Technological and innovative advancements make flying this aircraft a real pleasure and it will bring a whole new experience to our offerings, with the aircraft able to operate non-stop from Kuala Lumpur to London and throughout Asia. We are very pleased to partner with Air Lease Corporation again on this strategic transaction.”
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.
About Malaysia Airlines Berhad
Malaysia Airlines (malaysiaairlines.com) is the national carrier of Malaysia and one of Asia's largest, serving 40,000 guests on 330 flights to more than 50 destinations daily. Malaysia Airlines operates flights from its home base, Kuala Lumpur International Airport, and offers great connectivity across the globe; including oneworld® hubs. Malaysia Airlines is a part of oneworld®, which brings together 15 of the world’s biggest and best names in the airline industry and 30 affiliate airlines serving more than 10,000 daily departures. Through this global alliance Malaysia Airlines offers the best connectivity with seamless journeys to almost 900 destinations across 150 countries and access to over 550 airport lounges worldwide.