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Company Watch - Air Lease.

New York (AirGuideBusiness - Company Watch) Jun 3, 2012

Air China leases Airbus, Boeing aircraft from Air Lease. Air China has signed lease agreements with Air Lease Corp. for nine new Boeing 737-800s and four new Airbus A321-200s. The aircraft are each under 12-year lease terms and will be delivered in 2013 and 2014, ALC said. Air Lease delivered two new A330-200s to Air China on long-term leases during the second half of 2011. Air China has been expanding via the launch of new airlines, most recently announcing plans to launch an airline in cooperation with the Inner Mongolian government. May 31, 2012

Air Lease Corporation Announces 13 New Aircraft Lease Placements with Air China. Air Lease Corporation (AL) announced today that it has entered into 12 year long term lease agreements with Air China for 13 new jet aircraft delivering in 2013 and 2014 which consist of nine (9) new Boeing 737-800s and four (4) new Airbus A321-200s. This is one of ALCOs largest lease placements and validates ALCOs strong airline market presence in Asia. OWe have worked closely with the management of Air China to provide new and efficient aircraft to optimize their future fleet. Our deal with Air China demonstrates that our airline customers value ALC as an advisor and resource when planning the growth and replacement of their fleets,O said Jie Chen, Executive Vice President and Managing Director, Asia. ALC also delivered two new A330-200s to Air China on long term leases during the second half of 2011. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. May 30, 2012

Aircraft News. Air Lease has executed transactions covering 11 twin-aisle aircraft and two single-aisle aircraft. It purchased eight new Boeing 787-9 aircraft for lease to Vietnam Airlines (delivering in 2017 and 2018); purchased one 777-300ER from Macquarie Aviation on long-term lease to Emirates; one incremental Airbus A330-200 on long-term lease to KLM (delivering 2013); one A330-300 on long-term lease to Sichuan Airlines (delivering in 2013); a four-year extension from Sichuan on one A319 on lease from ALC; and one Embraer E-190 leased to LAM (delivering in 2012). Southern Air Holdings has taken delivery of its fourth Boeing 777F, for use on its new round-the-world service, Hong Kong-Los Angeles-Leipzig-Hong Kong. Novus Aviation has purchased a new Boeing 777-300ER, leased to Emirates. It is the second new aircraft delivery for Novus Aviation this year, following its acquisition of a new A330-300HGW leased to Malaysian Airlines. May 28, 2012

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Publication:AirGuide Business
Date:Jun 4, 2012
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