Air Lease Corporation Announces Placements of 12 New Airbus A321neo Aircraft with Vietnam Airlines
October 18 2016 - 6:31AM
Air Lease Corporation (NYSE:AL) announced today the placement of
twelve new Airbus A321neo aircraft on long term lease to Vietnam
Airlines. Six of the aircraft will deliver in 2018 and six of the
aircraft will deliver in 2019, all from ALC’s order book with
Airbus. Last year ALC announced long term lease contracts
with Vietnam Airlines for eight new Boeing 787-10s, which are
scheduled to begin delivering in 2019 and continue through
2021.
"Since 2010 ALC has been working closely with the
leadership of Vietnam Airlines to develop a long term fleet plan
encompassing the most modern and efficient Airbus and Boeing
airplanes for the airline. ALC has played an instrumental
role in fulfilling the airline’s wide body strategy with the
introduction of eight new Boeing 787-10s, and on the single aisle
side, the addition of 12 new Airbus A321neos; all 20 aircraft to be
leased from ALC. We’re excited to support the development of
one of the fastest growing airlines in Asia, and will continue to
drive this important relationship between ALC and Vietnam
Airlines," said Steven F. Udvar-Házy, Executive Chairman of Air
Lease Corporation.
“Our relationship with Vietnam Airlines spans over
two decades as we’ve worked together to provide new and efficient
aircraft to optimize their fleet. This transaction demonstrates
that our airline customers value ALC as an advisor and resource
when planning the growth and replacement of their fleets,” said Jie
Chen, Executive Vice President and Managing Director, Asia.
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 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 Vietnam Airlines
Vietnam Airlines is the flag carrier of Vietnam.
Founded in 1956 under the name Vietnam Civil Aviation, the airline
was established as a state-owned enterprise in April 1989. Vietnam
Airlines is headquartered in Long Bien District, Hanoi, with hubs
at Noi Bai International Airport and Tan Son Nhat International
Airport.
Investors:
Ryan McKenna
Vice President
Email: rmckenna@airleasecorp.com
Media:
Laura St. John
Manager, Media and Investor Relations
Email: lstjohn@airleasecorp.com
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