ALC Announces the Placement of a New Boeing 777-300ER and Lease Extensions of 4 Aircraft with KLM

Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with KLM (The Netherlands) for a new Boeing 777-300ER aircraft, which is scheduled for delivery in March 2015. Additionally, ALC and KLM reached agreement on lease extensions for three 737-800s and one 777-200ER, currently operating in the KLM fleet.

"ALC’s management team has a history that spans many decades working closely with KLM to support their fleet needs. We are very pleased to provide an incremental 777-300ER for their long-haul operations and extend leases on four aircraft currently in their fleet,” said Grant Levy, Air Lease Corporation’s Executive Vice President.

Source: Air Lease Corporation
Date: Apr 25, 2013