Category Archives: Air Lease Corporation

KLM leases two additional Boeing 777-300 ERs from Air Lease Corporation

Air Lease Corporation (Los Angeles) has announced long term lease agreements with KLM Royal Dutch Airlines (Amsterdam) for two additional new Boeing 777-300 ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300 ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book.

Copyright Photo: TMK Photography/AirlinersGallery.com. Boeing 777-306 ER PH-BVK (msn 42172) of KLM taxies at the Amsterdam base.

KLM:

Air Lease orders seven additional ATR 72-600s

ATR (Toulouse) and the leasing company Air Lease Corporation (ALC) (Los Angeles) have signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With this agreement, ALC now has 28 ATR 72-600s in its portfolio.

ATRs are currently operated by over 180 carriers worldwide.

Air Lease orders six Boeing 777-300 ERs and 20 737 MAX 8s

Boeing (Chicago and Seattle) and Air Lease Corporation (ALC) (Los Angeles) announced today an order for 26 airplanes – six 777-300 ER (Extended Range) and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices.

This 737 MAX order for 20 airplanes, valued at more than $2 billion at current list prices, brings Air Lease Corporation’s combined orders for the 737 MAX to 104 airplanes. The 777-300 ER order, valued at more than $1.9 billion at current list prices, marks the 100th 777 order from ALC Chairman and CEO Steven Udvar-Hazy during his career in the industry.

The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 provides customers with more flexibility and cost efficiency than the competition in the heart of the single-aisle market. Airlines operating the 737 MAX will see an 8 percent operating cost per seat advantage over tomorrow’s competition. The 737 MAX has surpassed 2,000 orders from 42 customers, the fastest selling airplane in history.

Image: Boeing.

Air Lease Corporation orders 25 Airbus A330-900neo aircraft

Air Lease Corporation (ALC) (Los Angeles) has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contact was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.

Including today’s order, ALC’s total orders and commitments for Airbus aircraft reaches 225, of which 200 are firm orders (50 A320ceo Family, 110 A320neo Family, 15 A330 Family, 25 A350 XWB Family) plus the MoU for 25 A330neo’s. ALC will announce engine selections for the 60 A321neo aircraft at a later date.

Image: Airbus.

ALC to lease one Boeing 737-700 and two ATR 72-600s to Jettime

Air Lease Corporation (ALC) (Los Angeles) announced today long term lease agreements with Jettime (Copenhagen) for one Boeing 737-700 aircraft scheduled for delivery in November 2013, and two new ATR 72-600s scheduled for delivery in April and May 2014.

The ATR 72-600 will be a new type for the charter airline.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Boeing 737-73S WL OY-JTZ (msn 29083) taxies to the terminal at Palma de Mallorca.

Jettime:

ALC to lease two new ATR 72-600s to Golden Myanmar Airlines

Air Lease Corporation (ALC) has announced a long term lease agreement with Golden Myanmar Airlines (GMA) for two new ATR 72-600 aircraft, which are scheduled for delivery in January and March of 2014.

Golden Myanmar Airlines (GMA) is Myanmar’s first scheduled domestic and international low cost carrier, established in July 2012. GMA is based in Yangon, Myanmar and is currently operating Airbus A320 jet aircraft on routes to Bangkok and Mandalay. The airline started operations on January 11 with the first route connecting Yangon with Mandalay with Airbus A320-232 XY-AGS (msn 1407).

In other news, Golden Myanmar inaugurated service to Bangkok on May 10, 2013. Previously the airline started Singapore service on April 5, 2013. According to the airline, “During the (Bangkok) flight, four pretty girls represented and expressed the relationship of Myanmar and Thailand. All of them were in full dresses to perform a “Burmese-Thai Onboard Performance”.