Tag Archives: Air Lease Corporation

Air Lease Corporation to order 100 aircraft, including the new A321XLR

Air Lease Corporation (ALC), the Los Angeles-based aircraft leasing company, has signed a Letter of Intent (LOI) for 100 Airbus aircraft, including for the first time 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos.

Founded in 2010, this latest order takes ALC’s cumulative orders to 387 Airbus aircraft, making it Airbus’ third largest lessor customer.

The A220 is the only aircraft purpose built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. The A220 offers the performance of larger single-aisle aircraft.

With an order book of 536 aircraft at the end of May 2019, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.

Boeing, Air Lease Corporation sign order for eight 737 MAX airplanes

(PRNewsfoto/Boeing,Air Lease Corp.)

Boeing and Air Lease Corporation (ALC) announced they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices.

Air Lease Corporation (ALC), one of the world’s leading airplane lessors, has been a big buyer of the improved 737 airplane. This new order raises ALC’s total 737 MAX orders to 138.

Boeing has delivered more than 100 737 MAX airplanes to over 20 customers worldwide, including four to ALC, with the fifth delivering in May 2018.

Image: Boeing.

Boeing, Air Lease Corporation finalize order for 12 737 MAXs

Boeing and Air Lease Corporation have finalized an order for 12 737 MAXs first announced at the 2017 Paris Air Show. The agreement also includes two new orders for the 787-9 Dreamliner.

The deal includes five 737 MAX 7s and seven 737 MAX 8s, bringing ALC’s total MAX orders to 130. The leasing company has now ordered a total of 49 Dreamliners.

Air Mauritius to lease two Airbus A330-900neo aircraft from ALC

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Air Lease Corporation (AL) announced long term lease agreements with Air Mauritius for two new Airbus A330-900neo aircraft, outfitted with latest-generation Rolls-Royce Trent 7000 engines. The aircraft are from ALC’s order book with Airbus and are scheduled to deliver in September and October 2018.

EVA Air to lease four Boeing 787-9s and two 787-10s from ALC

EVA Air 787-10 (01)(Flt)(Boeing)(LRW)

Air Lease Corporation (ALC) (Los Angeles) has announced long term lease agreements with EVA Air (Taipei) for four new Boeing 787-9s and two new Boeing 787-10s. These aircraft are from ALC’s Dreamliner order book with Boeing and will deliver from mid-2018 through early 2020. These placements will bring the number of new Boeing widebody aircraft that EVA Air will lease from ALC to ten, including four Boeing 777-300 ERs already contracted.

ALC logo

Image: Boeing.

ALC announces the lease placement of two new Boeing 787-9 Dreamliners with El Al

Air Lease Corporation (ALC) (Los Angeles) has announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al Israel Airlines (Tel Aviv). Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to be delivered to Israel’s flag carrier airline in the third quarter and early fourth quarter of 2017. These new Boeing 787-9 Dreamliner aircraft will replace older Boeing 747-400s in El Al’s fleet and will be the first two 787s for the airline.

Image: Boeing.

Air Lease Corporation to lease two Boeing 737-800s to Siam Air

Siam Air (Siam Air Transport) (Bangkok-Don Mueang Airport) is becoming a new Boeing 737-800 operator.

Air Lease Corporation (ALC) (Los Angeles) announced lease agreements with Siam Air Transport (Thailand) for two used Boeing 737-800 aircraft. These aircraft will be delivered in the fourth quarter of 2015.

Siam Air was founded in 2013 and commenced low-fare operations in October 2014.

Copyright Photo: Robbie Shaw/AirlinersGallery.com. Siam Air currently operates two Boeing 737-300s to three destinations in Hong Kong and China. The 737-300s will now be replaced with the newer 737s. Boeing 737-3J6 HS-BRU (msn 25893) arrives in Hong Kong.

Oman Air to lease 14 aircraft from ALC including a new Boeing 787-9

Oman Air (Muscat) and Air Lease Corporation (Los Angeles) have announced long term lease agreements for 14 jet aircraft. The lease agreements cover three new Boeing 737-800s, seven new Boeing 737 MAX 8s, and one new Boeing 787-9, all from ALC’s order book with Boeing. This transaction also includes one used Boeing 737-700 (msn 33103) and two used Boeing 737-800 aircraft (msns 33104 and 34242). The deliveries are scheduled to begin in 2015 and continue through to 2019.

Oman Air’s Chief Financial Officer, Japeen Shah, said, “We are very pleased to sign these agreements with Air Lease Corporation. They enable Oman Air to continue its ambitious fleet and network expansion program, and deliver even greater choice and convenience for our customers. Our expansion plan will see Oman Air’s fleet expand to 57 aircraft by 2018, and to 70 aircraft by 2020. This agreement represents a significant step towards achieving our strategic aims. Furthermore, Air Lease Corporation is at the forefront of the aircraft leasing industry and shares Oman Air’s commitment to realising excellence in all aspects of its work. We look forward to a fruitful partnership.”

Oman Air’s increased fleet size is enabling it to offer even more exciting destinations within its global network. Over recent months, new services have been launched to Manila, Jakarta, Goa and Singapore. Further new services will be announced closer to the time of their launch, and are expected to include, amongst others, destinations in Bangladesh and China.

Oman Air aircraft slide show:

Air Lease Corporation orders one additional Airbus A350-900 and four A320 Family aircraft

Air Lease Corporation (ALC) (Los Angeles) today at the 51st International Paris Air Show announced a firm order for additional Airbus widebody and single-aisle aircraft (1 A350-900, 1 A321ceo and 3 A320ceo).

Including today’s announcement, ALC’s fast growing portfolio of Airbus aircraft stands at a total of 262, of which 66 are widebodies (15 A330ceo, 25 A330neo, 21 A350-900, 5 A350-1000) and 196 are single-aisles (30 A320ceo, 31 A320neo, 26 A321ceo, 109 A321neo).

Image: Airbus. The Airbus A321ceo with Sharklets.

Vietnam Airlines converts eight Boeing 787-9 orders to the larger 787-10

Air Lease Corporation (ALC) (Los Angeles) today (June 15) announced new long term lease contracts with Vietnam Airlines (Hanoi) that converted the formerly contracted eight Boeing 787-9 aircraft to eight new Boeing 787-10s.

These aircraft are from ALC’s order book with Boeing and deliveries are scheduled to begin in 2019 and continue through 2021. The Boeing 787-10 Dreamliner will be the largest aircraft in Vietnam Airlines’ fleet.

Copyright Photo: Vietnam Airlines. The airline is getting ready to take delivery of its first Boeing 787-9 Dreamliner (VN-A861, msn 35151), now performing at the Paris Air Show.

Vietnam Airlines aircraft slide show: