ALC Announces New Lease Contracts for Eight New Boeing 787-10 Aircraft with Vietnam Airlines

Today Air Lease Corporation (NYSE: AL) announced new long term lease contracts with Vietnam Airlines 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.

“We have worked closely with Vietnam Airlines’ management team for over two decades, providing new and efficient aircraft to optimize their fleet. As Vietnam rolls out a major widebody fleet upgrade, this transaction demonstrates that our airline customers value ALC as an advisor and resource when planning the growth and replacement of their fleets,” said Jie Chen, Executive Vice President and Managing Director, Asia.

Source: Air Lease Corporation
Date: Jun 15, 2015