Strong market appetite in world’s most modern and fuel-efficient aircraft strong
SOURCE: AirbusLeading lessor signs for one A350-900 & four A320 Family aircraft June 15, 2015 — Today at the 51st International Paris Air Show, Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company, announced a firm order for additional Airbus widebody and single-aisle aircraft (1 A350-900, 1 A321ceo and 3 A320ceo*) to meet strong market demand for Airbus’ modern, fuel-efficient aircraft. Including today’s announcement, ALC’s fast growing portfolio of Airbus aircraft stands at a total of 262, of which 66 are widebodies (15 A330ceo, 25 A330neo, 21 A350-900, 5 A350-1000) and 196 are single-aisles (30 A320ceo, 31 A320neo, 26 A321ceo, 109 A321neo).“In a market that is continually growing and developing, ALC is fully focussed on offering its customers the most modern, technologically advanced and economically efficient aircraft, which certainly includes the A320 Family and A350 XWB,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “We take great pride in our close cooperation with Airbus over the past years, which has led to the successful launch of the A330neo and A321LR. We are confident that these innovative aircraft will maximize operating efficiencies for airlines around the globe, thanks to their reliability, compelling economics and exceptional cabin comfort.”“It’s great to see leading lessor, ALC, come back with an order for additional Airbus widebody and single-aisle aircraft to meet the needs of their customers who are demanding products that deliver both unbeatable economics and the highest standard of passenger comfort in all classes,” said John Leahy, Airbus Chief Operating Officer, Customers. “We go beyond just listening to our customers in our quest for innovation and seek active collaboration with them in order to deliver value. This is demonstrated with our latest, fuel efficient widebody and single-aisle models, the A330neo and A321LR, launched in close cooperation with ALC.”The A350 XWB is Airbus’ all-new mid-size long range aircraft family and the latest member of the manufacturer’s leading widebody family. The A350 XWB is the world’s most modern and efficient aircraft in its size category and is setting new standards in terms of flight experience for passengers, operational efficiency and cost-effectiveness for airlines. The A320 Family is the world’s best-selling single aisle product line with more than 11,700 orders to date and more than 6,500 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. Photos and video of our commercial announcements at the Paris Air Show will be available for media to download from the Airbus broadcast room on www.airbus.com/presscentre/Contacts for the media:Marcella Muratore +33 679281854 *Note to editors:Includes 1 A320ceo for ALC already listed in the Airbus Orders & Deliveries table in December 2014
SOURCE: SOURCE: Airbus; March 9, 2015
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has firmed up its order for 55 Airbus aircraft, comprising 25 A330-900neo and 30 A321LR - the very latest members of Airbus’ modern, fuel-efficient aircraft family.ALC was first to sign up for the newest member of Airbus’ market leading widebody family, the A330neo, announcing a commitment for 25 A330-900neo during the launch at the 2014 Farnborough International Airshow. ALC was also the first to commit to the A321LR, the newest variant of the A321neo, after signing a Memorandum of Understanding for 30 at the launch in January 2015, increasing its commitment made for 60 A321neo at the 2014 Farnborough Airshow to 90 firm A321neo aircraft.“We are proud to be adding these newest generation Airbus aircraft to our portfolio and to have played a part in launching these latest generation, efficient aircraft,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “We see significant market appetite for Airbus’ A321LR and A330neo models, offering operators exactly what they want - even more range, even better economics and superior level of passenger comfort.”“ALC is always ahead of the game and we are very happy to have them on board from the start with our latest A321LR and A330neo models,” said John Leahy, Airbus Chief Operating Officer, Customers. “We listen very carefully to our customers and are clearly seeing that our strategy to constantly improve our products through incremental innovations means we are able to not only meet but exceed their highest expectations.”Including today’s announcement, ALC’s total firm orders for Airbus aircraft stands at 258, comprising 53 A320ceo Family, 140 A320neo Family, 15 A330 Family, 25 A350 XWB Family and 25 A330neo Family.The A321LR, the latest member of the market leading A320neo Family, will be able to fly longer routes of up to 4,000 nm. The A321LR will provide additional flexibility as it will have the longest range of any single aisle airliner, making it ideally suited to transatlantic routes and enable airlines to tap into new long haul markets which were not previously accessible with current single aisle aircraft. With 206 passengers in a comfortable two-class layout, the A321LR offers the possibility for each passenger to carry up to three bags. First deliveries will start in 2019.The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.***Airbus Media Contacts:Marcella Muratore +33 6 79 28 18 54 Maryanne Greczyn +1 703-834-3458
SOURCE: ATRJuly 15, 2014The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraftOn the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for airlines. Steven Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation, stated, "We are experiencing success placing our ATR 72-600s with operators expanding regional air connectivity and short segment routes all over the world. With its compelling operating costs and modern cabin interior designs, we believe demand for this aircraft will continue to increase.” Patrick de Castelbajac, Chief Executive Office of ATR, said: “Today’s deal further underlines the appeal of the newest ATR ‘-600s’ for the leasing firm community.” He added: “We are honored that such a successful company as Air Lease and the main trend-setter of the aviation industry, Mr. Udvar-Házy, are renewing their confidence in ATR as the most efficient aircraft in regional aviation”. About the ATR 72-600:Passenger capacity: 68 to 74 seatsEngines: Pratt & Whitney 127MMaximum take-off power: 2,750 horsepower per engineMaximum take-off weight: 23,000 kgMaximum load: 7,500 kgMaximum flight range when fully loaded: 900 nautical miles (1,665 km) 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.
SOURCE: CFM InternationalJuly 15, 2014Order valued at $520 million U.S.Has orders for both LEAP-1A and LEAP-1B variantsFARNBOROUGH, England —15 July 2014 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 20 Airbus A320neo family aircraft. CFM values the order at $520 million U.S. at list price. The aircraft were originally announced in June 2012.“We think the LEAP-1A-powered A320neo aircraft will be an important part of our portfolio going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The engine has racked up an impressive number of orders and we believe that the technology will produce both fuel and environmental improvements.”Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. The LEAP-1B engines will also power the ALC’s 104 new Boeing 737 MAX aircraft, which begin delivering early 2018.“We believe these engines will prove to be real assets for ALC and its lessees.” said Jean-Paul Ebanga, president and CEO of CFM International Jean-Paul Ebanga. “The LEAP family is a more than worthy successor to the CFM56 engines and will become a critical part of airline fleets around the globe.”“We look forward to continuing to build a strong relationship with ALC and are excited to bring all the benefit of LEAP technology to their customers,” said Chaker Chahrour, vice president and general manager of Global Sales & Marketing for CFM parent company GE Aviation.The foundation of the LEAP engine is heavily rooted in advanced aerodynamics, environmental, and materials technology development programs. This revolutionary engine will provide up to a 15 percent improvement in fuel consumption and CO2 emissions compared to today’s best CFM engine, along with a dramatic reduction in engine noise. All this technology brings with it CFM’s legendary reliability and low maintenance costs.The first full LEAP-1A engine began ground testing in September 2013, two days ahead of schedule, launching the most extensive ground and flight test certification program in CFM's history. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus, Boeing, and COMAC.Over the next three years, these engines will accumulate approximately 40,000 engine cycles leading up to entry into service. By the time this engine enters services, CFM will have simulated more than 15 years of airline service with 60 different engine builds.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 CFM InternationalCFM International, a 50/50 joint company between Snecma (Safran) and GE, is the world's leading supplier of commercial aircraft engines, has delivered more than 26,500 CFM56 engines to date. The LEAP engine has experienced the fastest order ramp up in commercial aviation history, with 6,770 orders on the books as of June 30, 2014. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.# # # For more information, contact:Jamie [email protected]: 513.885.2282