LOS ANGELES, September 20, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Astana. Featuring Pratt & Whitney PW1133G engines, this aircraft is the first of seven A321-200neo aircraft scheduled to deliver to the airline from ALC’s order book with Airbus.
“We are delighted to announce this first of seven ALC A321-200neo LR aircraft delivery to Air Astana today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “The A321-200neo LR is instrumental to Air Astana’s fleet modernization program to support the airline’s extended range operations and expanding route network.”
Hi Fly, the privately-owned Portuguese wet lease specialist operating an exclusive all-Airbus fleet, has taken delivery of a new A330neo on lease from Air Lease Corporation (NYSE: AL). The aircraft is configured with 371 seats in a two-class layout, with 18 high-comfort lie-flat business class seats and 353 economy seats. All seats are equipped with the latest-generation in-flight entertainment system, and mood lighting is available throughout the aircraft.
The A330 will be deployed to further expand Hi Fly’s long-haul wet lease and charter operations worldwide. Hi Fly operates an all-Airbus fleet of 20 aircraft including four A320 Family aircraft, 15 A330/A340 Family aircraft and one A380.
As a wet lease specialist, Hi Fly provides aircraft on lease for short notice airline operations, with crew, maintenance and third-party insurance provided in a service-ready package.
The A330neo Family is the new-generation A330, comprising two versions: the A330-800 and A330-900. The A330neo Family aircraft shares 95% commonality with the previous A330.
It builds on the proven economics, versatility and reliability of the A330 Family, while reducing fuel consumption by 25% per seat versus previous generation competitors and increasing range by up to 1,500nm compared to the majority of A330s in operation.
The A330neo is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new wing with increased span and new A350 XWB-inspired Sharklets. The cabin provides the comfort of the new Airspace amenities including state-of-the-art passenger inflight entertainment and Wi-Fi connectivity systems.
Gulfstream’s expanded facility in Appleton, Wisconsin. The $40 million, 190,000 square-foot building can accommodate 12 Gulfstream G650ER aircraft and employs more than 100 people. (Gulfstream photo)
SAVANNAH, Ga., Aug. 23, 2019 /PRNewswire/ — Gulfstream Aerospace Corp. today announced it has officially expanded its maintenance, repair and overhaul (MRO) operations at Wisconsin’s Appleton International Airport with the opening of a newly built aircraft maintenance facility. The facility has been operational since Aug. 10.
The nearly 190,000 square-foot/17,652-square-meter building, northeast of the airport terminal, was constructed with an investment of approximately $40 million. The expansion to the Appleton service center includes 101,853 sq ft/9,462 sq m of hangar space, which will accommodate 12 Gulfstream G650ER or G650 aircraft. In addition to offices, back shops and general support space, the expansion adds a new sales and design center and increased customer access to Gulfstream’s design portfolio. The project, announced in February 2018, has resulted in nearly 100 new jobs at Gulfstream Appleton, with the potential for more in the next few years.
“This is a very exciting day for Appleton and the entire Fox Valley,” said Derek Zimmerman, president, Gulfstream Customer Support. “This beautiful facility represents the most significant expansion we’ve had in the 20 years we’ve been here. It is a tremendous asset to our site and the community. It will help us enhance the reliability of our growing fleet, support more customers and elevate their experience, continue to maintain a high level of safety and provide a world-class workplace for our employees.
“We are thankful to General Dynamics, the Wisconsin Economic Development Corporation, the Fox Cities Chamber of Commerce Regional Partnership, the Outagamie County Executive, the Outagamie County Board of Supervisors and the town of Greenville Board for their essential support.”
Gulfstream announced the maintenance facility opening before an audience of employees and state and local dignitaries, including Wisconsin Gov. Tony Evers. The company will open four other expanded or new service centers in 2019 and 2020: Savannah, Georgia; Van Nuys, California; Palm Beach, Florida; and Farnborough, England.
Gulfstream Appleton is home to a service center and a large-cabin completions facility spread over approximately 500,000 sq ft/46,452 sq m. It offers customers a broad range of services, including major inspections, structural modifications, major avionics installations and safety upgrades. Its MRO operation is certified by the U.S. Federal Aviation Administration, European Aviation Safety Agency, Civil Aviation Administration of China and seven other civil aviation authorities worldwide. In 2018, Appleton had nearly 500 aircraft visits.
Gulfstream Appleton’s new facility has several sustainable features, including sensitive land protection, rainwater management system, enhanced control systems for heating and cooling, optimized energy performance and electric vehicle charging stations. It is expected to receive U.S. Green Building Council Leadership in Energy and Environmental Design certification.
NORTH CHARLESTON, S.C., Aug. 15, 2019 /PRNewswire/ — Boeing [NYSE: BA] delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation [NYSE: AL]. The Vietnamese flag carrier plans to put the 787-10 – the most fuel-efficient twin-aisle airplane in the industry – on the busiest routes in its expanding network.
“Welcoming the largest member of the 787 family to our growing fleet ensures we continue to boast one of the youngest and most modern fleets in Asia and also adds a competitive edge to Vietnam Airlines’ operations. We appreciate the unbeatable efficiency performance with reduced fuel burn and outstanding passenger comfort and amenities,” said Pham Ngoc Minh, Chairman of the Board of Directors of Vietnam Airlines. “On our journey to become a 5-star airline, we are confident that the Boeing 787-10 fleet will further elevate the customer experience on the Hanoi to Ho Chi Minh route as well as many international routes.”
The new 787-10 will complement Vietnam Airlines’ existing fleet of 787-9 jets. Both feature the Dreamliner’s ultra-efficient technology and passenger-pleasing comforts. The 787-10 is longer than the 787-9, providing the space to carry 40 more passengers and more cargo and helping it offer the lowest operating costs per seat of any twin-aisle jet in service today. Vietnam Airlines is outfitting its 787-10 models with 367 seats (24 in business class and 343 in economy class). In addition to its size and fuel efficiency, the 787-10 can cover long distances. With a published range of 6,430 nautical miles (11,910 km), the 787-10 can fly more than 95 percent of the world’s twin-aisle routes.
“ALC is extremely pleased to announce this important first 787-10 delivery to Vietnam Airlines with Boeing and be the first lessor to introduce the airline to the -10,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “This first of eight 787-10s from ALC will significantly contribute to Vietnam Airlines’ ongoing major widebody fleet upgrade with the latest technology. ALC values our long-time role as an advisor when planning the growth and replacement of Vietnam Airlines’ fleet to maintain the airline’s leading position in Southeast Asia and worldwide.”
With the delivery to Vietnam Airlines, the 787-10 continues to expand its global presence. More than 30 of this Dreamliner model have been delivered to six operators since the airplane entered commercial service last year. Airlines are deploying the 787-10 around the world, especially in Asia as it is home to more than half of all 787-10 destinations.
“Vietnam Airlines has achieved impressive growth in recent years and helped power the rapid rise of commercial aviation in Southeast Asia. We see even greater potential ahead and the 787-10 brings the perfect combination of size and efficiency for Vietnam Airlines to serve high-demand routes, while the longer-range 787-9 delivers the flexibility to connect the world’s major cities with popular destinations in Vietnam and surrounding countries,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing of The Boeing Company. “We are excited to partner once again with ALC to bring a state-of-the-art airplane to a valued customer. We are confident the 787-10 will help Vietnam Airlines continue to grow its regional and international network and improve its award-winning service.”
To optimize the performance of its 787 fleet, Vietnam Airlines uses Boeing Global Services solutions such as Airplane Health Management (AHM) to capture real-time flight data and enable predictive maintenance. AHM is powered by Boeing AnalytX, a collection of software and consulting services that transform raw data into greater efficiency during every phase of flight.
Los Angeles, California, August 8, 2019 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2019. The PDF file containing the full earnings release is available for download at www.airleasecorp.com/press
05/08/2019 – Alstom India continues its noteworthy innings in India by rolling out the 100th ‘Make-in-India’ metro trainset today from its state-of-the-art rolling stock manufacturing facility in Sricity, Andhra Pradesh. The delivery of the centurion trainset to Kochi Metro Rail Corporation Limited (KMRCL) also marks completion of the Kochi Metro order for 25 trainsets by Alstom. Kochi operates a 100% ‘Make in India’ metro fleet entirely custom-built at the flagship manufacturing facility at Sricity.
The facility was set up as Alstom’s first global manufacturing centre for rolling stock in the Asia-Pacific region. This plant commenced operations in November 2013 and delivered its first metro trainset to Chennai Metro Rail Corporation (CMRL) in February 2014. The facility currently employs more than 600 employees and has a production capacity of 240 cars per year. The factory is currently scaling up to double production capacity and also introducing latest industrial technologies.
Till date, Alstom’s Sricity facility has made on-time deliveries of more than 420 metro cars for its Indian and international customers. This includes delivering completely indigenous trainsets to metro rail corporations of Chennai, Lucknow, Kochi and Sydney (its first international order).
Speaking on this occasion Alain Spohr, Managing Director for India and South Asia, said “We have hit a century by delivering the 100th trainset. This milestone signifies many things, but most importantly, it is a vote of confidence of our customers in our capabilities to deliver world class, custom-made solutions. This achievement has been possible by our belief in our Indian talent that includes more than 4200 team members working across various locations in India. We are confident to reach greater heights with our commitment to ‘Make in India’ and aligning our business goals with the country’s vision.”
In just six years since its commencement, Sricity facility has cemented its position as a manufacturing hub for Alstom’s domestic and international clients. The supply chain is close to being 75% domestic to ensure localised manufacturing. Locally, it is also a preferred workplace due to its regular employee development and inclusive programmes with more than 10% of the staff strength being women in various roles as supervisors, planners, engineers etc.
Before end of this year, the facility will commence production for 248 metro cars (31 train sets of 8 cars each) for Mumbai Metro Line 3, 212 metro cars (106 train sets of 2 cars each) for Montreal Metro (Réseau express métropolitain) and 10 more train sets for Chennai Metro, which is already under execution.
LOS ANGELES, July 26, 2019 – Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Aer Lingus (Dublin, Ireland). This Airbus aircraft, featuring CFM International LEAP-1A33 engines, is the first of eight A321-200neo LRs scheduled to deliver to the airline through 2020 from ALC’s order book with Airbus.
“ALC is pleased to announce this first of eight A321-200neo LR aircraft delivery today to our long-time customer, Aer Lingus, and introduce the A321neo to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The new ALC A321neo LR will enable Aer Lingus to substantially increase the number of flights, frequencies and new destinations between Ireland and the USA and Canada. We are honored to be a part of Aer Lingus’ ongoing fleet transition to the A321neo LR to enhance the airline’s expanding route network with the most modern, fuel-efficient aircraft.”
“This significant delivery to our good friends at Aer Lingus strengthens our close relationship and we are confident that the A321-200neo LR will advance the airline’s fleet operations and overall growth goals,” added Grant Levy, Executive Vice President of Air Lease Corporation.
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
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 Aer Lingus
Aer Lingus, part of International Airlines Group, operates as a leading Irish airline primarily providing passenger and cargo transportation services from Ireland to the United Kingdom and Europe and also to the United States and Canada.
SHANGHAI (Reuters) – China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country’s efforts to diversify ownership structures among state-owned firms.
The move will significantly improve the company’s debt-to-asset ratio, generate funds for its growth and help modernize its decision-making mechanisms, the announcement said.
It will also use the funds to serve its main air transportation business, pay for construction related to China’s Belt and Road Initiative and support aviation development in cities in the southern province of Guangdong.
China Southern is one of 96 enterprises owned and administered directly by the central government. Its profits slumped nearly 50% last year as a result of rising fuel costs and a weak yuan currency.
(Reporting by David Stanway; Editing by Himani Sarkar)
LOS ANGELES, July 15, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national airline of the Faroe Islands. Powered by CFM International LEAP-1A26 engines, this aircraft is the first of two A320-200neos confirmed to deliver to the airline from ALC’s order book with Airbus. The second A320-200neo is scheduled to deliver to Atlantic Airways in Spring 2020.
“ALC is pleased to announce the delivery to Atlantic Airways of its first A320-200 neo and is excited to be part of the fleet transformation at the airline,” said Grant Levy, Executive Vice President of Air Lease Corporation. “The A320-200neo will significantly enhance Atlantic Airways’ fleet operations by not only supporting the airline’s existing route structure but also allow the airline to grow its route network in Europe and North America.”
Atlantic Airways’ Chief Executive Officer, Jóhanna á Bergi said, “We are very pleased to receive our first Airbus A320-200neo. This will enhance passenger experience and Atlantic Airways’ operations as national carrier, air bridge and life line.
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.
Today Air Lease Corporation (AL) announced the lease and delivery of two Airbus A321-200 aircraft to Air Canada.
“We are delighted to announce the lease of these two young A321 aircraft to Air Canada, which will support their fleet requirements and expanding network for many years to come,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.
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.
