LOS ANGELES, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Today Air Lease Corporation (NYSE: AL ) (ALC) announced the delivery of its first Airbus A350 XWB aircraft, on lease to Malaysia Airlines Berhad (MAB). This aircraft is the first of six new A350-900s leased to the airline, with the additional five aircraft delivering through the third quarter of 2018 from ALC’s order book with Airbus.
“ALC could not be more pleased to announce this milestone delivery of our first A350 XWB. We are honored to have Malaysia Airlines Berhad as our first customer, and look forward to further building out the marketplace with this game-changing aircraft,” said John L. Plueger, Air Lease Corporation’s Chief Executive Officer and President.
“We have worked closely with Malaysia Airlines Berhad on this six aircraft transaction as they roll out a major widebody fleet upgrade. We are confident that these six A350 XWB aircraft leased to MAB will benefit their global business operations,” said Jie Chen, Air Lease Corporation’s Executive Vice President and Managing Director, Asia.
Malaysia Airlines CEO Izham Ismail said, “We are very pleased to work with Air Lease Corporation on this strategic transaction. The A350 XWB 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.”
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 Malaysia Airlines
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.
Contact
Investors: Mary Liz DePalma Director of Investor Relations Email: mdepalma@airleasecorp.com Media: Laura Woeste Manager, Media and Investor Relations Email: lwoeste@airleasecorp.com
