Air Lease Corporation Announces Lease Placement of Six New Airbus A220-300 Aircraft with TAAG Angola Airlines
July 18 2022 - 6:35AM
Business Wire
Today Air Lease Corporation (NYSE: AL) announced long-term lease
placements for six new Airbus A220-300 aircraft with TAAG Angola
Airlines. The aircraft are scheduled to deliver to the airline
starting in 2023 through 2024 from ALC’s orderbook with Airbus.
“ALC is pleased to announce this significant lease placement for
six new Airbus A220s with TAAG and be the first to introduce Airbus
aircraft to the airline,” said Steven Udvar-Házy, Executive
Chairman of Air Lease Corporation. “The capabilities of the
A220-300 will greatly enhance TAAG’s operational efficiency and
expanding route network with the most modern, fuel-efficient
aircraft.”
“The A220-300 with its fuel efficiency, range and improved
operating economics will progressively replace TAAG’s Boeing
737-700 fleet and allow the airline to optimize and broaden its
flight schedule coverage and destinations from Luanda,” said
Kishore Korde, Executive Vice President of Air Lease
Corporation.
“Today we start our relationship with ALC incorporating six new
Airbus A220-300 into our fleet. It’s indeed a significant
announcement for us as we are celebrating a new era and a new
vision for TAAG. We are alive, back in business, breaching with the
past to achieve greater results and becoming a reference for
Africa. This partnership emphasizes our commitment to grow and
further improving our credibility among international stakeholders
while creating a new value proposition for our passengers,” said
Eduardo Fairen, CEO of TAAG.
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. ALC routinely posts information that may be
important to investors in the “Investors” section of ALC’s website
at www.airleasecorp.com. Investors and potential investors are
encouraged to consult the ALC website regularly for important
information about ALC. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
About TAAG
TAAG Angola Airlines was founded in 1938 and is based in Luanda,
Angola’s capital city. For more than 80 years, TAAG has connected
Angolans with its key domestic and international markets. TAAG is
the leading airline in Angola, having grown its current network to
14 domestic and 12 international destinations. In addition to
passenger transport, TAAG offers air cargo services which have
become essential for Angola’s growth and development. TAAG is a
company that prides itself in its long and recognized history of
service and performance improvement.
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version on businesswire.com: https://www.businesswire.com/news/home/20220718005264/en/
Investors: Jason Arnold Vice President, Investor Relations
Email: investors@airleasecorp.com
Media: Laura Woeste Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
Ashley Arnold Manager, Media and Investor Relations Email:
press@airleasecorp.com
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