Air Lease Corporation announcement – GuruFocus.com

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Today, Air Lease Corporation (NYSE: AL) announced the delivery of a new Boeing 737-9 aircraft on long-term lease to Alaska Airlines. Equipped with CFM International’s LEAP -1B engines, this is the first of 13 new 737-9 aircraft confirmed to be delivered to the airline, as announced in November 2020 in ALC’s order book with Boeing . This new 737-9 from ALC joins six 737-9s currently in flight in the Alaska Airlines fleet.

“ALC is pleased to announce today the delivery of the first of 13 new 737-9s to Alaska Airlines,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “These new ALC 737-9s will provide the most modern and fuel efficient technology to advance the airline’s fleet modernization goals.”

“Alaska Airlines is delighted to take delivery of our seventh Boeing 737-9 today, extending our partnership with Air Lease Corporation,” said Nat Pieper, senior vice president of fleet, finance and alliances. Alaska. “Our experience with the 737-9 has been great to date. The aircraft is fuel efficient, environmentally friendly, and our guests and teammates love to fly it. ”

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. These statements are based on current expectations and projections regarding our future results, prospects and opportunities and are not guarantees of future performance. These statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or expected in forward-looking statements due to a number of factors, including those discussed in our documents filed with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a premier aircraft rental company based in Los Angeles, California with airline customers around the world. ALC and its team of dedicated and experienced professionals are primarily focused on the purchase of commercial aircraft and their leasing to airline customers around the world through customized aircraft leasing and financing solutions. ALC regularly 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 regularly check the SLA website for important information about ALS. Information contained or accessed on ALC’s website is not incorporated by reference in, and does not form part of, this press release.

About Alaska Airlines

Alaska Airlines and its regional partners serve more than 115 destinations in the United States and North America. The airline provides essential air service to our customers as well as the transportation of critical cargoes, with an emphasis on next-level care. Alaska is known for its low fares, award-winning customer service, and sustainability efforts. Customers can earn and redeem miles on flights to more than 800 destinations around the world with Alaska and its global partners. On March 31, 2021, Alaska will officially become a member of the oneworld global alliance. Learn more about Alaska at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210927005813/en/


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