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Air Lease Places 10 New Boeing 787-10’s with Korean Air

June 18, 2019 / WIL BALDWIN

PARIS, France, June 18, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced the long-term lease placement with Korean Air for ten new Boeing 787-10 aircraft. Scheduled to deliver to the airline starting in 2021 through 2023 from ALC’s order book with Boeing, these ten 787-10s from ALC are the first -10 Dreamliner aircraft to be placed in Korean Air’s fleet.

“As a launch customer for the 787-10, ALC is thrilled to announce this major lease placement introducing the 787-10 to Korean Air’s fleet, a project we have worked on with Korean and Boeing for a long time. The 787-10 will bring new levels of Korean Air’s outstanding service to its passengers, and provide significant revenue benefits to Korean’s global network,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.

“As we continue to innovate our product offering, the 787 Dreamliner family will become the backbone of our long-haul fleet for many years to come,” said Walter Cho, Chairman of Korean Air. “In addition to 25 percent improved fuel efficiency, the stretched 787-10 offers around 15 percent more space for passengers and cargo than our 787-9s, which will be critical to our long-term business goals.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. 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 (NYSE: AL)

ALC is a leading 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 customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.

About Korean Air

Korean Air is both the flag carrier and the largest airline of South Korea, with global headquarters located in Gonghang Dong, Gangseo-gu, Seoul, South Korea. Korean Air’s international passenger division and related subsidiary cargo division together serve 130 cities in 45 countries, while its domestic division serves 20 destinations. It is among the top 20 airlines in the world in terms of passengers carried and is also the top-ranked international cargo airline. Incheon International Airport serves as Korean Air’s international hub.

JetBlue Airways Reports May Traffic

June 12, 2019 / WIL BALDWIN

NEW YORK–(BUSINESS WIRE)– JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for May 2019. Traffic in May increased 5.7 percent from May 2018, on a capacity increase of 5.4 percent.

Load factor for May 2019 was 86.0 percent, an increase of 0.2 points from May 2018. JetBlue’s preliminary completion factor for May 2019 was 99.7 percent and its on-time (1) performance was 77.6 percent. JetBlue expects second quarter revenue per available seat mile (RASM) to range between 2.0 and 4.0 percent.

(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.

JetBlue is New York’s Hometown Airline^®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information please visit jetblue.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005161/en/

JetBlue Investor Relations

Tel: +1 718 709 2202

JetBlue Corporate Communications

Tel: +1 718 709 3089
corpc omm@jetblue.com

Source: JetBlue Airways Corporation

United Airlines Makes Historic Eco-Friendly Commercial Flight

June 5, 2019 / WIL BALDWIN

Historic “Flight for the Planet” combines the use of biofuel, zero-waste measures and carbon offsets to significantly minimize impact on the environment.

CHICAGO, June 5, 2019 /PRNewswire/ — United Airlines, a longstanding leader among all global carriers in environmental sustainability, made history today – World Environment Day – with the departure of the Flight for the Planet, the most eco-friendly commercial flight of its kind in the history of aviation. On the Flight for the Planet, United became the first known airline to demonstrate all of the following key actions on a single commercial flight: utilization of sustainable aviation biofuel; zero cabin waste efforts; carbon offsetting; and operational efficiencies.

United is using the Flight for the Planet to evaluate key measures of flying as sustainably as possible using the airline’s current technology, resources and fuel-saving procedures. The flight departed from gate B12 at United’s hometown hub of Chicago O’Hare for its “eco-hub” in Los Angeles, where sustainable aviation biofuel has helped power all the airline’s flights from the Southern California hub since 2016.

“The historic Flight for the Planet showcases United’s philosophy of working together to find new and innovative ways to lead us into a more sustainable future,” said Scott Kirby, United’s president. “As an airline, we see our environment from a unique perspective every day and we know we must do our part to protect our planet and our skies.”

The Flight for the Planet further illustrates United’s commitment to its bold pledge to reduce its carbon footprint by 50% by 2050.

Delta & Aeromexico Celebrate Second Year of Key Partnership

June 3, 2019 / WIL BALDWIN

Story by Sarah Lora

The two airlines have jointly transported more than 14.4 million passengers since the Joint Cooperation Agreement launched.

Highlights include introducing eight new routes and two new joint destinations in Mexico, strengthening the network’s power in the transborder market.
Airlines have eliminated 80% percent of the differences in service and standardized processes to create a seamless travel experience.

Since Delta Air Lines and Aeromexico departed together on a journey to pioneer the first transborder airline alliance between the U.S. and Mexico, more than 14.4 million passengers have benefitted from the carriers’ integration during the last two years.

Today, Delta and Aeromexico jointly offer more than 1,100 weekly flights on 64 routes between 11 cities in Mexico and 33 in the U.S. The Joint Cooperation Agreement has launched eight new routes and two new joint destinations in Mexico, and allowed terminal co-location in 12 airports in the U.S., 10 of which are Delta hubs, and three Aeromexico hubs in Mexico.

As seamless as checking in at a Delta terminal and boarding an Aeromexico plane, “our goal is creating a familiar travel experience with standards that are common across Delta and Aeromexico. This partnership and the integration of both airlines allow us to offer a more powerful network, more benefits and standard policies, which result in a seamless service,” said Nicolas Ferri, Delta’s Vice President— Latin America and Alliances Americas.

True to its word, the JCA has so far eliminated 80% of the differences in services and has standardized many processes, such as purchasing tickets online or benefitting from loyalty programs. On board, customers will find uniformity on Delta and Aeromexico cabins, seat selection and checked and carry-on baggage policies; parallel access to Gogo’s WiFi portal and free text messaging; as well as having Spanish-speaking crew members on all transborder flights.

“Although the integration of commercial processes, products, airports and sales teams has been a great challenge, communicating with a cohesive voice has facilitated that assimilation. While Delta and Aeromexico have distinct and unique looks, we respect each other and share the same vision: to provide the best of each to our customers,” said Paul Verhagen, Aeromexico’s Senior Vice President – International Sales.

Providing the best isn’t limited to the airport experience. From sponsoring the Mexican National Soccer Team to the Latin GRAMMY Acoustic Sessions in Miami, L.A. and Mexico City, Delta and Aeromexico are committed to supporting the communities they serve. The airlines aim to foster unity, diversity and to uphold corporate values through their sponsorships of a variety of sporting and cultural events in both Mexico and the United States.

“Such a historic alliance between two iconic airlines is about making travel between the two carriers easier for customers. By working together, we have shared and applied best practices and business solutions, bringing our individual strengths into the partnership,” added Ferri.

Delta and Aeromexico sales professionals have formed a fully integrated sales team dedicated to promoting both operators in the U.S. and Mexican markets. Routes have been increasingly added throughout the two years under the JCA, strengthening the power of the network in the transborder market.

Customers from Atlanta can enjoy nonstop access to nine cities in Mexico including Mexico City, Guadalajara and Monterrey. The JCA also operates direct flights from New York, Detroit, Minneapolis, Salt Lake City, Seattle, and Los Angeles to multiple business and leisure points in Mexico.

Connectivity is crucial to driving business and boosting the economy of both countries, while offering customers the possibility of discovering new experiences through Delta and Aeromexico’s distinctive service in the coming years.

U.S. Space Fence Detects Debris from India Anti-Satellite Test

May 23, 2019 / WIL BALDWIN

KWAJALEIN ATOLL, Marshall Islands, May 22, 2019 /PRNewswire/ — The U.S. Air Force Space Fence system detected the breakup field from an anti-satellite test conducted by India during a scheduled endurance exercise of the new space surveillance radar.

As MICROSAT-R was expected to pass through the un-cued surveillance fence, Space Fence automatically issued a “breakup alert” indicating there were multiple objects within close proximity. Space Fence observed a significant amount of debris tracks surrounding the time of the event crossing labeled as uncorrelated targets. Long-arc tracking was initiated within the orbital debris cloud to form accurate initial orbit determinations. With this information, the system was able to automatically predict and correlate the next crossing time.

Lockheed Martin (NYSE: LMT) system operators then prepared for the next crossing by setting up an enhanced sensitivity task volume ahead of the normal un-cued surveillance fence to increase the low altitude track duration. Although the Space Fence is currently in its test phase and not yet operational, the Space Fence un-cued surveillance coverage showed its unique ability to observe these events unfolding at different altitudes in real time. Although the anti-satellite test was conducted at approximately 300 kilometers, the debris cloud extended beyond the original parent object orbit.

“Although the Space Fence system is still under test, it continues to demonstrate its advanced capabilities providing operationally-relevant information in all orbital regimes from Low Earth Orbit through Geosynchronous Earth Orbit,” said Dr. Rob Smith, vice president and general manager of Radar and Sensor Systems for Lockheed Martin. “The criticality of space assets to both national defense and the world economy cannot be understated. As multiple new mega constellations consisting of thousands of satellites become a reality and the space domain continues to become more congested, the demand for more accurate and timely space situational awareness data will be of the utmost importance to the warfighter.”

The Space Fence system continues to track objects from the anti-satellite event through the government-led testing phase which began in early April.

Colonel Stephen Purdy, Director of the Space Superiority Systems Directorate, Space and Missile Systems Center, Los Angeles Air Force Base, who oversees the Space Fence program said, “Space Fence is already proving itself as a capable system even before becoming operational. The Indian test showcased Space Fence’s capabilities in a real-world event. The system was able to quickly respond to a highly dynamic situation providing critical data. Space Fence is the latest in a long line of capabilities we are collectively bringing to the warfighter as we continue to build out space capabilities for the United States.”

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Aerial view of Space Fence facility in Kwajalein Atoll. Lockheed Martin photo

American Airlines Eliminates Some Oversized Bag Fees

May 21, 2019 / WIL BALDWIN

FORT WORTH, Texas — As the busy summer travel period quickly approaches, American Airlines has announced changes to its policies regarding oversize sports and music equipment. American is eliminating oversize bag fees for common sports and music equipment, effective for travel on or after May 21. The updated policies, which will be music to the ears of musicians who fly on American, will also ensure that customers can more easily pursue active and healthy lifestyles wherever their travels may take them, without having to pay additional oversize bag fees.

Customers can check common oversize sports and music equipment as standard baggage, up to the maximum allowed dimensions and within the weight requirements. Refer to the full policy for additional information.

What you should know

• Based on feedback from our customers and American team members, American is eliminating the charge for common oversize sports and music equipment — up to the maximum size we accept for these items. The change is effective for travel on or after May 21.
• American will accept these oversize items as a standard checked bag without an additional oversize charge.
• The checked oversize bag counts toward a customer’s normal baggage allowance. For example, customers traveling within the United States, who used to pay $150 to check one oversize item such as a surfboard, will now pay $30 — the cost of a standard first bag — if the weight is less than 50 lbs. Customers traveling with skis or a snowboard will now be able to check in an equipment bag with the skis or snowboard as one bag (up to 50 lbs./62 in.).
• Due to special handling requirements, oversize items such as antlers, hang gliders, scuba tanks and kite/windsurfing items will continue to incur a flat $150 fee.
• Additional allowances/restrictions may apply based on destination, class of service, elite status, active U.S. military members or AAdvantage® cardmembers (on domestic American-operated itineraries). For more information, visit aa.com/checkedbags.

About American Airlines Group

American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. American is a founding member of the oneworld® alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index.

Newest Delta Sky Club Evokes Eclectic Austin

May 20, 2019 / WIL BALDWIN

The new Delta Sky Club is the latest investment Delta is making for Austin travelers.

Just in time for summer travel, the newest Delta Sky Club and first at Austin-Bergstrom International Airport will open for business on May 21.

“Building on our unmatched operational excellence, award-winning customer service and the ability to easily connect to cities around the globe, the first Delta Sky Club at Austin will give business and leisure travelers yet another best-in-class offering to enjoy,” said Erik Snell, Delta’s Senior Vice President — Operations & Customer Center, who first shared the news of the new Club during a visit to the Austin Chamber of Commerce last year.

On the mezzanine level of the Barbara Jordan Terminal, this 9,000 sq. ft. Delta Sky Club conveniently located near the Delta gates features:

• Covered Sky Deck, an outdoor patio that can be enjoyed year-round.
• Full-service bar that includes seasonal cocktails and wine,
selected by Delta’s Master Sommelier Andrea Robinson, which
will be stored in a temperature-controlled custom glass tower,
along with the Agave Experience — an extensive selection of tequila
and mezcal that can be sampled in individual pours or tasting
flights — on the premium bar menu.
• Beer to try from around Texas, like Thirsty Planet Thirsty Goat,
Hi Sign Violet the Blueberry Blonde and Saint Arnold Fancy Lawnmower,
and rotating, seasonal food offerings inspired by the region, like
handcrafted tacos and barbecue dishes.
• Unique, eclectic interior style inspired by Austin with warm walnut
surfaces, metal finishes and rich fabrics.
• Select artwork from well-known and up-and-coming artists with
connections to Texas.
• Comfortable seating areas, high-speed Wi-Fi and power outlets at
nearly every seat.

“We’ve put care into every detail — from the curated, local artwork to the Club design to the seasonal food and beverage offerings,” said Claude Roussel, Managing Director — Delta Sky Club. “We look forward to welcoming guests traveling through Austin — they will be wowed by the experience and incredible service.”

The new Delta Sky Club is the latest investment Delta is making for Austin travelers. Delta offers 28 peak-day departures with nonstop service to all of its U.S. hubs, including three daily flights to both Los Angeles and New York City, easily connecting customers to the airline’s global network of more than 300 destinations. Delta also offers nonstop daily service to other key Austin destinations including Boston and Raleigh. In addition, Delta has hosted a “festival shuttle” from Los Angeles to the South by Southwest Conference and Festivals for the past five years, offering a curated travel experience to tech and entertainment leaders traveling to Austin. And, the airline continues to invest in the local workforce, recently insourcing dozens of airport operations jobs.

As a part of a long-term effort to expand the award-winning Delta Sky Club experience across the network, later this year Delta will debut a new Club at Louis Armstrong New Orleans International Airport and several upgrades like more, comfortable seating and a completely redesigned food and bar experience at the John F. Kennedy International Airport Terminal 4 Club. Salt Lake International Airport will also see a new, nearly 28,000-square-foot Club in 2020 and Los Angeles International Airport will see a new Club in 2021 — both of which will feature a Sky Deck and breath-taking views. Over the past several years, Delta also opened a new Club at Phoenix Sky Harbor International Airport and a refreshed Club at Ronald Reagan Washington National Airport, along with a new award-winning flagship clubs at Hartsfield-Jackson Atlanta International Airport and Seattle-Tacoma International Airport.

EL AL & Alaska Airlines Expand Global Partnership

May 13, 2019 / WIL BALDWIN

With the inaugural EL AL flight between Tel Aviv and San Francisco, EL AL and Alaska Airlines signed an expanded global partnership allowing their members to more easily connect and earn miles.

TEL AVIV, Israel and SEATTLE, May 13, 2019 /PRNewswire/ — EL AL Israel Airlines and Alaska Airlines today expanded their commercial relationship to include a reciprocal frequent flyer agreement. The agreement was signed by the CEOs of each airline at a ceremony soon after the arrival of the first EL AL flight from Tel Aviv to San Francisco and was attended by San Francisco Bay Area dignitaries and civic leaders. This agreement is in addition to the codeshare agreement that recently came into effect between the airlines allowing EL AL to place its “LY” code on various Alaska Airlines “AS” flights in the U.S.

The codeshare agreement which has been available for sale as of April 28th for flights as of May 5th includes flights from Newark, Los Angeles and now San Francisco onto a host of Alaska Airlines flights. From San Francisco, EL AL will place its code on flights to Seattle; San Diego; Portland, Oregon; Honolulu; Los Angeles; Palm Springs, California; Albuquerque, New Mexico; Austin, Texas; Dallas (DAL); Santa Ana, California, Everett, Washington, Kansas City, Missouri; Salt Lake City; Kona, Hawaii and Las Vegas. Upon regulatory approval, will also include flights to various points in Mexico.

With the EL AL and Alaska Airlines partnership, customers will be able to continue their journey to and from North America and Israel with connections on both airlines, in either direction. Both airlines will offer the opportunity for their members to earn miles while flying with the partner airline. Base miles flown on EL AL will also count toward elite status in Alaska’s Mileage Plan program. Additionally, EL AL travelers will be able to redeem their EL AL Matmid miles to book on Alaska flights in the future.

“This is truly a historic day for EL AL,” said EL AL CEO Gonen Usishkin. “Aside from the fact that EL AL is linking the two high-tech centers with the new three times weekly flights, we are providing the full options for our customers with the codeshare and frequent flyer agreements with Alaska Airlines,” he emphasized. “Alaska Airlines was instrumental in helping bring Jews to Israel in the early years of the state, helping to build our country and now as we celebrate 70 years of those historic flights, continue to be a key player along with EL AL in building the bridges between America and Israel.”

“Alaska Airlines and EL AL will now offer more opportunities than ever before for travelers to fly nonstop between the West Coast and Tel Aviv. Through our partnership, both EL AL and Alaska Airlines offer frequent flyer benefits to our guests while sharing the genuine, caring service that is at the heart of both of our airlines,” said Brad Tilden, CEO of Alaska Airlines. Alaska Airlines offers an option to go global differently with hand-picked partners, and Mileage Plan miles can be used at home with Alaska or with Alaska Global Partners. With the EL AL partnership, Alaska Airlines’ international connectivity out of SFO is stronger than ever; by June 2019, Alaska’s Global Partners will offer more than 80 flights per week out of San Francisco.

The EL AL flights will operate three times weekly flying a state-of-the-art 787 Dreamliner, offering Business, Premium and Economy service. The flights from Tel Aviv will depart on Monday, Wednesday and Friday at 0105 and arrive in San Francisco on the same day at 0600 for a flight time just under 15 hours. The flights from San Francisco to Tel Aviv will operate on Monday and Wednesday departing at 2000 for arrival the next day at 1940 and on Saturday night with a 2245 departure arriving in Tel Aviv at 2225 the next day for a flying time of just over 13 and a half hours.

About EL AL Israel Airlines

EL AL Israel Airlines, Israel’s national airline, established in 1948, offers more nonstop flights than any other airline to/from Israel. EL AL currently flies to 36 destinations from Israel, serves hundreds of other destinations throughout the world via codeshare, and interline partnerships. EL AL offers a full Boeing fleet and began renewing its fleet as of September 2017 with the arrival of the first of its sixteen 787 Dreamliner aircraft. Soon to be new routes will include Las Vegas, Chicago and Orlando (summer seasonal flights only) in the USA. In 2017 EL AL flew over 5.6 million passengers. EL AL embodies Israel’s values of innovation and caring and is known for its genuine Israeli hospitality. Learn more about EL AL at: www.elal.com.

About Alaska Airlines

Alaska Airlines and its regional partners fly 44 million guests a year to more than 115 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada and Costa Rica. With Alaska and Alaska Global Partners, guests can earn and redeem miles on flights to more than 900 destinations worldwide. Alaska Airlines ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” in the J.D. Power North America Airline Satisfaction Study for 11 consecutive years from 2008 to 2018. Learn about Alaska’s award-winning service at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (ALK).

Qatar Airways Says Air Italy Stake Is In Compliance

April 11, 2019 / WIL BALDWIN

DUBAI (Reuters) – State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar, designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage.

The U.S is “looking very closely” at the deal after Republicans and Democrats said on Wednesday they were concerned it violated the agreement.

Qatar Airways bought a stake in Italian airline Meridiana in 2017, rebranded it Air Italy and transformed it into a carrier with five announced non-stop U.S. destinations from Milan.

Qatar Airways said the stake was “fully compliant” with the 2018 U.S.-Qatar Understandings, an additional pact that accompanied the U.S-Qatar Open Skies agreement.

Since 2015 the largest U.S carriers – Delta Air Lines, American Airlines Group and United Airlines – have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition.

Gulf airlines have always denied those accusations and last year separate voluntary agreements were reached between the U.S. and Qatar, and the U.S. and the United Arab Emirates to address the concerns. Measures included the airlines not adding new flights to the U.S.

However, Air Italy has been flying to New York and Miami since June last year and was due to start serving San Francisco and Los Angeles from this month and Chicago in May.

Qatar Airways said in a statement its investment in Air Italy, which closed in September 2017, preceded the 2018 agreement but complied with it.

It said its investments in other airlines were not raised as a point of concern during the discussions that led to the 2018 agreement and that the deal does not mention or prohibit cross-border investments.

Qatar Airways also said it did not codeshare on Air Italy’s flights to the U.S. and has no plans to do so.

(Reporting by Alexander Cornwell; Editing by Alexandra Hudson)

Will United Airlines Back Out of Coliseum Naming Rights Deal?

April 1, 2019 / WIL BALDWIN

Rumors are starting to swirl that United Airlines is considering backing out of a $69 million deal to add its name to the Los Angeles Memorial Coliseum.

The deal, which was offered to the University of Southern California in 2018, was offered by the Chicago-based airline to call the stadium “The United Airlines Memorial Coliseum.”

Once the deal became public knowledge, criticism began to mount that the re-branding could tarnish the image of the stadium that was named in honor of those lost during World War I.

The Coliseum is currently going under a $270 million renovation by the university, which has responded to the airlines concerns by stating that “They are open to accepting the wishes of the veteran community to modify the name change agreement.”

United Airlines has responded to university officials that it has made “a significant commitment to financing this project” in exchange for the naming rights. The airline went on to add that “If USC is not in a position to honor the terms of the agreement, including in particular the name change, United would be amenable to abiding by the wishes of the community, stepping away from this partnership with USC, and mutually terminating the agreement.”

USC has responded that they are “open” to changing the agreement, but did not provide any further details.

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