ALC Announces the Lease Placement of 2 New Boeing 787-9 Aircraft with El Al

Today Air Lease Corporation (NYSE: AL) announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al. Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to deliver 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.

“We are very pleased to announce this lease placement with El Al, a new customer for ALC. We believe the efficiency and interior design of the new Dreamliner aircraft is a valuable addition to El Al’s all-Boeing fleet and will further strengthen the airline’s long-term stability and success,” said Kishore Korde, Executive Vice President of Air Lease Corporation.

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Source: Air Lease Corporation
Date: Dec 14, 2015