Air Lease Corporation Announces Delivery of Azores Airlines' First A321neo
December 14 2017 - 3:03PM
Today Air Lease Corporation (NYSE:AL) (ALC) announced that Azores
Airlines SATA International (Portugal) received its first new
Airbus A321neo aircraft. This aircraft is the first of six
CFM Leap 1A engine-powered A321neos to be delivered to Azores
Airlines from ALC’s order book with Airbus. The next five
A321neos will deliver between now and early 2021.
The airline, fully owned by SATA (Sociedade
Açoreana de Transportes Aéreos), becomes the first Portuguese
operator to receive a member of the best-selling A320neo
Family. By way of an extensive transatlantic network, these
aircraft will connect Portugal and Azores to cities in the United
States and Canada, in addition to major Western European
cities.
“The six new ALC A321neo aircraft will
progressively replace Azores’ aging A310s on routes from Azores to
the USA and Canada as well as on the airline’s high frequency
network to Portugal and Western Europe. The A321neo brings
new levels of operating efficiency, passenger comfort, low fuel
burn and emissions as well as network flexibility to Azores,” said
Steven F. Udvar-Házy, Executive Chairman of Air Lease
Corporation.
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 Azores Airlines SATA International
Azores Airlines SATA International was
established in 1998, and since then has expanded its network of
routes with a fleet of Airbus A310s, A320s and one A330-200. The
airline operates domestic flights to Lisbon, Porto, Funchal, Ponta
Delgada, Terceira, Horta, Pico and Santa Maria, in addition to
scheduled services between the Azores and the United States and
Canada, and between mainland Portugal and North America. Azores
Airlines SATA International also offers scheduled flights to
destinations such as London, Frankfurt and Munich, and several
charter flights worldwide.
Investors:Mary Liz DePalmaDirector of Investor Relations Email:
mdepalma@airleasecorp.com |
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Media:
Laura St. John Manager, Media and Investor Relations Email:
lstjohn@airleasecorp.com |
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