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Air Lease Corporation Announces the Delivery of One New Airbus A330-300 to Sichuan Airlines

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By Business Wirevia The Motley Fool

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Air Lease Corporation Announces the Delivery of One New Airbus A330-300 to Sichuan Airlines

LOS ANGELES–(BUSINESS WIRE)– Today Air Lease Corporation (NYS: AL) announced the delivery of one new Airbus A330-300 wide-body aircraft (MSN 1397) on lease to Sichuan Airlines (Chengdu, China) for twelve years.

“Sichuan Airlines has been a strong customer of Air Lease Corporation since July 2010 and we are pleased that our A330 will now enter service and operate on the airline’s highest density trunk routes,” said Jie Chen, Executive Vice President of Air Lease Corporation.

Sichuan Airlines operates both Airbus A320 family and A330 family aircraft on lease from ALC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYS: AL)

ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC‘s website at www.airleasecorp.com.

Air Lease Corporation
Investors:
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
310-553-0555
rmckenna@airleasecorp.com
or
Media:
Laura St. John
Media and Investor Relations Coordinator
310-553-0555
lstjohn@airleasecorp.com

KEYWORDS:   United States  Asia Pacific  North America  China  California

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Delta in Talks to Buy Jets from Boeing, Airbus, Sources Say

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By Reuters

delta boeing airbus aircraft order

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Ted S. Warren/AP Workers assemble a next-generation 737 airplane at Boeing Co.’s assembly facility in Renton, Wash.

Delta Air Lines is in talks to purchase small and wide-body jets from Airbus and Boeing in deals potentially worth about $6 billion at list prices, two people familiar with the matter said.

Potential orders involve about 20 each of the planemakers’ most popular families of jets — the Airbus A320 or Boeing 737 in the medium-haul, narrow-body class and the Airbus A330 or Boeing 777 in the long-range, wide-body category, the people said.

None of the parties involved agreed to comment.

The sources confirmed a Bloomberg News report that Delta Air Lines Inc. (DAL) was considering buying planes including 10 to 20 of the A330 or the 777 wide-body aircraft worth $4.3 billion.

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Delta told an investor conference on March 4 that it needed to evaluate its needs for wide-body jets, but played down the possibility of a large order because of recent investments in its relatively young fleet.

The airline said it saw “opportunities in the marketplace” to add selectively to its wide-body fleet and would be talking, for example, to Airbus. Airlines typically engage both major aircraft makers in any discussion to seek the best prices.

Delta already operates all four of the aircraft types involved in the talks at both ends of the spectrum, making it possible for the plane-makers to offer aircraft without having to shoulder the heavy costs of helping the airline switch suppliers.

The talks come on the heels of an exceptionally busy two weeks for aircraft orders as airlines chase fuel savings while trying to grow or replace their fleets. Industry body IATA earlier edged up its forecast for airline profits this year.

On Tuesday, budget Irish airline Ryanair handed Boeing Co. (BA) its largest European order ever, a deal for 175 Boeing 737 jets worth $16 billion at list prices. The deal came a day after Indonesia’s Lion Air on Monday picked European rival Airbus for a $24 billion order.

Lion Air had been an exclusively Boeing customer for jets.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Boeing Dreamliner Woes Continues

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By MarketNewsVideo Frustrated airlines have been seeking replacement aircraft for the troubled Boeing 787 (BA), still grounded after two battery fires earlier this year. Airplane leasing company CIT reports that there have been interest for planes such as the Boeing 767 and Airbus A330. In addition, some airlines have delayed …read more
Source: FULL ARTICLE at Forbes Markets