Air Lease Corporation Announces Delivery of Two New Boeing 787-9s to China Southern Airlines | Business

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LOS ANGELES – (BUSINESS WIRE) – April 21, 2021 –

Air Lease Corporation (NYSE: AL) announced the delivery of two new Boeing 787-9 long-term leases to China Southern Airlines. Equipped with GEnx-1B76A engines, these new Dreamliner aircraft are the fourth and fifth of five new 787-9s to be delivered to China Southern Airlines from ALC’s backlog with Boeing.

“We are pleased to announce that our fourth and fifth of five new Boeing 787-9s have been delivered to China Southern Airlines,” said Jie Chen, executive vice president and general manager, Asia – President, Air Lease Corporation Hong Kong Limited. “ALC is honored to contribute to our client’s continued long-term success as one of Asia’s premier airlines.”

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 purchasing commercial aircraft and leasing them 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 periodically check the ALC website for important information about ALC. Information contained on or accessed through the SLA website is not incorporated by reference in, and does not form part of, this press release.

About China Southern Airlines

China Southern Airlines Co., Ltd. is based in Guangzhou and operates the largest fleet, most developed route network, and largest passenger capacity of any airline in the People’s Republic of China. Currently, China Southern Airlines operates 700 passenger and cargo aircraft, including Boeing 787, 777, 747, 757 and 737 and Airbus A380, A330, A321, A320, A319. The air fleet is ranked first in Asia and 4th in the world (Data: IATA, in terms of fleet size). China Southern Airlines is the world’s first airline to operate both A380s and 787s.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210421006045/en/

CONTACT: Investors: Mary Liz DePalma

Vice President, Investor Relations

Email: [email protected] Jason Arnold

Assistant Vice-President, Finance

Email: [email protected] Media: Laura Woeste

Senior Manager, Media and Investor Relations

Email: [email protected] Arnold

Manager, Media Relations and Investors

Email: [email protected]

KEYWORD: CALIFORNIA CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: PROFESSIONAL SERVICES AIR TRANSPORT FINANCING OF AEROSPACE MANUFACTURING

SOURCE: Air Lease Corporation

Copyright Business Wire 2021.

PUB: 04/21/2021 5:01 PM / DISC: 04/21/2021 5:01 PM

http://www.businesswire.com/news/home/20210421006045/en

Copyright Business Wire 2021.



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