Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for an additional two new Airbus A350-900 aircraft with Malaysia Airlines Berhad. This transaction follows ALC’s September 2015 placement of four new A350-900s with the airline. The two new aircraft are scheduled to deliver in the second quarter of 2018 from ALC’s order book with Airbus.
“ALC couldn’t be more pleased to place these two additional aircraft with Malaysia Airlines Berhad. In addition to the four A350-900s placed by ALC last year, we are confident that these two additional A350-900 aircraft will further maximize Malaysia Airlines’ business operations as well as global growth,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.
Malaysia Airlines CEO Christoph Mueller said, “The additional two Airbus A350-900s will complement the existing four (4) that are on order to reach a critical fleet size, allowing standby aircraft for any scheduled maintenance and enabling future network expansion. Technological and innovative advancements make flying this aircraft a real pleasure and it will bring a whole new experience to our offerings, with the aircraft able to operate non-stop from Kuala Lumpur to London and throughout Asia. We are very pleased to partner with Air Lease Corporation again on this strategic
Source: Air Lease Corporation
Date: May 23, 2016