Air Lease Corporation Announces Lease Placement of Four Boeing 737-8 MAX Aircraft with Belavia-Belarusian Airlines
July 17 2018 - 5:30AM
Air Lease Corporation (NYSE:AL) (“ALC”) announced today long-term
lease agreements with Belavia-Belarusian Airlines for four new CFM
LEAP-1B25-powered Boeing 737-8 MAX aircraft scheduled for delivery
in 2019 and 2020. The first aircraft will deliver from ALC’s order
book with Boeing in May 2019.
“ALC is pleased to announce this placement with
Belavia at Farnborough International Airshow today,” said Steven F.
Udvar-Házy, Executive Chairman of Air Lease Corporation. “The
advance technologies in the MAX 8 aircraft will provide a new level
of efficiency and comfort to Belavia’s customers, and we look
forward to continuing our successful relationship with the airline
as it optimizes its fleet and expands its network.”
Alex Khatibi, Executive Vice President of Air
Lease Corporation added, “The investment in new Boeing 737-8 MAX
aircraft supports Belavia’s continued efforts to be
forward-thinking and maintain a modern and versatile fleet to
remain competitive in the market.”
“Belavia-Belarusian Airlines is systematically
continuing to implement the strategy of the fleet renewal,
thanks to cooperation with such reliable partners as ALC. The
acquisition of four next-generation aircraft on a lease will
contribute to the further development of the airline and,
consequently, to the improvement of the quality of passenger
service,” said Anatoly Gusarov, Director General of
Belavia-Belarusian Airlines. “We hope that the delivery of the
Boeing 737 MAX will allow our passengers to start travelling only
with positive impressions and will make flights as comfortable as
possible,” continued Anatoly Gusarov.
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 Belavia-Belarusian Airlines
Belavia-Belarusian Airlines takes the leading
position in passenger air transportations on the Belarusian market.
Belavia is based at the National Airport Minsk and carries out
regular flights from Minsk to 50 airports in 27 countries. Belavia
was established on March 5, 1996. Since 1997, it is a full member
of the International Air Transport Association (IATA), since 2010 -
a member of the Association of European Regional Airlines (ERAA).
The airline's fleet consists of 29 aircraft (five Boeings 737-800,
six Boeings 737-500, seven Boeings 737-300, three Embraers-175,
four Embraers-195, four CRsJ-100 / -200).
The airline’s concept of positive image shaping
is based on the safe regular and punctual operations as well as on
improvement of passenger service quality.
Belavia is a modern, rapidly growing company
that meets requirements of the latest innovations in air transport
and is constantly focused on further development and improvement of
the airline and attraction of greater number of passengers. Among
the priorities of Belavia is its fleet renewal, optimization of
resources, implementation of modern information technologies and
improvement of service level both in flight and on the ground.
The Airline is customer-oriented and makes its
best efforts to provide air traveling possibilities both by its own
direct flights and those of its partners to continue their journey
immediately to any country in the world as per customer’s
needs.
Business travelers and tourists can appreciate
at its true value Belarusian hospitality and responsible attitude
of the airline staff to fulfillment of their functions. Owing to
the cooperative team of highly qualified professionals who are
proud of their work, the Belavia Team has showed itself as a
reliable and competitive air carrier.
Investors: |
Media: |
|
|
Mary Liz DePalma |
Laura Woeste |
Assistant Vice
President, Investor Relations |
Manager, Media and
Investor Relations |
Email:
mdepalma@airleasecorp.com |
Email:
lwoeste@airleasecorp.com |
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