SEPANG, Malaysia & LOS ANGELES, September 10, 2015 - Today Malaysia Airlines Berhad (MAB) and Air Lease Corporation (NYSE: AL) signed long-term lease agreements for four (4) new Airbus A350-900s. The transaction also includes a lease option for two additional A350-900s and two A330-900neo aircraft.
Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft are from ALC’s order book with Airbus and will be delivered between the fourth quarter of 2017 and the second quarter of 2018.
Malaysia Airlines CEO Christoph Mueller said, “We are excited to have this aircraft as part of our fleet. The A350 is the most technologically advanced aircraft and we are confident that it will deliver exceptional passenger comfort and improve the overall efficiency of our fleet.We are very pleased to partner with Air Lease Corporation on this strategic transaction,”
“ALC is honored to welcome Malaysia Airlines Berhad as our newest valued customer. We are confident that these aircraft will maximize Malaysia Airlines’ operations to help grow its business while simultaneously reducing its operating costs and emissions,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “ALC looks forward to building a strong long-term relationship with Malaysia Airlines Berhad in the future,” he added.
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 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.
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.
Ryan McKenna, 310-553-0555
Laura St. John, 310-553-0555
Manager, Media and Investor Relations