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Air Lease Places 4 New Airbus A320 Family Aircraft with Peach

PARIS, France, June 18, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced today long-term lease placements for two new Airbus A320neo and two new Airbus A321neo LR aircraft with Peach Aviation Limited (Japan). The four new Airbus aircraft are scheduled to deliver to Peach starting in 2020 through 2022 from ALC’s order book with Airbus.

“ALC is thrilled to confirm this significant lease placement with Peach for four new Airbus aircraft and contribute to the airline’s growing all-Airbus A320 fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A320neo and A321neo LR offer Peach the most technologically advanced, fuel-efficient aircraft that will bring a new level of passenger comfort and convenience to the Japanese market.”

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 Peach

Peach Aviation began services based out of Kansai Airport in March 2012. Currently, in addition to Kansai Airport, Peach has hubs at New Chitose Airport, Sendai Airport, and Naha Airport with 25 aircraft that service 17 domestic routes and 16 international routes. It operates approximately 100 flights per day and is used by over 13,000 passengers daily. Peach will complete its integration with Narita-based airline Vanilla Air by the end of the 2019 fiscal year, aiming to become Asia’s leading LCC.

Air Lease Places 3 New Airbus A321-200neo’s with Sky Airline

PARIS, France, June 18, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease placements with Sky Airline (Chile) for three new Airbus A321-200neo aircraft. Scheduled to deliver to Sky starting in 2020 through 2021, the three new A321-200neos will deliver from ALC’s order book with Airbus and join three A320-200neos currently on lease to the airline from the Lessor.

“Sky Airline is a key ALC customer in the Latin American market and we are pleased to be the first to place the A321-200neo in the airline’s growing narrowbody fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321-200neo will complement Sky’s current highly competitive fleet with a new standard of fuel-efficiency and passenger comfort.”

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 Sky Airline

Sky Airline is a leading low-cost airline based in Santiago, Chile. The company flies to more than 20 destinations in Chile and South America and operates a modern fleet of Airbus A320 and A320neo family aircraft. In 2018, Sky Airline was named the best low-cost airline in South America by Skytrax.

Cebu Air to Buy Over Two Dozen Airbus Jets

PARIS, June 17 (Reuters) – Airbus is set to win a deal to sell jets worth around $4.5 billion at list price to Philippines airline Cebu Air after a face-off with rival Boeing, industry sources said.

The deal involves 16 A330neo wide-body jets and around 10 of the newly launched A321XLR extended-range narrow-body aircraft, the sources said, asking not to be identified.

Together with other aircraft and options the deal could involve as many as 40 aircraft, one of the sources added.

Airbus declined comment. Cebu officials could not be reached for comment.

The deal follows a fight for business at the Philippines budget airline as Airbus seeks a new foothold for its A330neo in the face of heavy competition from Boeing’s 787 Dreamliner.

The carrier had at one point been seen as likely to proceed with a Boeing 787 order, prompting Airbus to rescue the deal .

Cebu Air plans to expand its fleet with new aircraft that burn less fuel, CEO Lance Gokongwei said last month.

Asian carriers are looking to renew their long-haul fleets as passenger demand remains robust despite a decline in cargo.

(Reporting by Tim Hepher; Editing by Laurence Frost)

Virgin Atlantic Orders 14 Airbus A330neo’s

PARIS, June 17 (Reuters) – Europe’s Airbus agreed on a deal to sell 14 A330neo wide-body passenger jets to Virgin Atlantic on Monday valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more.

The British-based airline based placed firm orders for the upgraded A330 model, which it had been evaluating against the Boeing 787 Dreamliner.

The jets, which will be powered by Rolls-Royce Trent 7000 engines, will replace the airline’s A330ceos from 2021, Virgin Atlantic said.

(Reporting by Alistair Smout, editing by Louise Heavens)

Airbus Faces Cabin Comfort Dilemma in A321XLR Jet Launch

PARIS (Reuters) – Airbus has broken records by launching the longest-range narrow-body jetliner at the Paris Airshow, but planemakers are having to rethink their mantra on comfort as they squeeze ever more miles out of jets designed for shorter trips.

Airbus and Boeing have been promoting new carbon-fibre long-haul aircraft such as the 787 Dreamliner and A350, which offer roomier cabins and help passengers avoid jet lag by providing a cabin pressure closer to that felt on the ground.

But they have also been adding more range and capacity to older and narrower models such as the A320neo family and the 737 MAX as airlines demand more flexibility with the advantages of highly efficient single-aisle planes, supporting low fares.

Airbus pushed that further on Monday by adding a longer stride to the A321neo with its new A321XLR, whose range of 4,700 nautical miles leapfrogs the out-of-production Boeing 757 and nudges it into the long-jump category enjoyed by wide-body jets.

It also eats into a range category targeted by a possible new mid-market twin-aisle jet, the NMA, under review by Boeing.

But there is a debate over whether passengers will enjoy flying longer distances in medium-haul planes, or at what price.

Airline bosses on the long-haul low-cost panel at the Paris Air Forum on Friday differed over whether extended-range narrow-body jets or wider twin-aisles were best suited for their growing industry.

In particular, the rise of the single-aisle long-distance jet involves revisiting years of industry marketing about the benefit of escaping jet lag and fatigue on long trips.

Aircraft cabins are pumped to a higher pressure than the ultra-thin outside air at cruising altitude. But the pressure is still lower than at sea level due to structural limitations.

That’s not a problem for shorter trips but travel experts say the higher altitude setting on older planes can contribute to jet lag on long flights, worsening the effect of time zones.

WELL BEING

Although Airbus stresses the 1980s-designed A320 fuselage is wider than the competing 737 MAX and therefore has roomier seats, it also has a lower cabin pressure than modern long-haul alternatives like the Boeing 787 Dreamliner or Airbus A350.

On those airplanes the cabin is pressurised at a level equivalent to 6,000 feet compared with 8,000 feet for the A320 and most other metal-built jets of all sizes.

For the Airbus A330neo wide-body jet the cabin altitude is above 7,000 feet but still below 8,000 feet.

“XLR cabin pressure could be an issue,” said an airline executive who has studied the plane, asking not to be named.

The company itself set out the disadvantages of flying with a high cabin altitude on long journeys when it launched the business-jet version of the A320neo family in 2015.

“A lower cabin altitude makes most sense on long flights, especially towards their end, when an aircraft is able to reach its highest cruising altitude,” Airbus said then on its website.

For the business jet version, Airbus was able to lower the cabin altitude below 6,400 feet. But it could only do so by reducing the maximum number of trips, which matters relatively little to luxury operators but is less attractive to airlines.

That said, cabin pressure is one of many factors influencing the feel of a cabin and is rarely marketed separately.

“Everyone is pushing the ‘well being’ trend … but an A321XLR will arguably be more comfortable than a 9-abreast Boeing 787,” passenger experience expert John Walton said, referring to denser seat configurations used by some airlines.

Placing the first order for the XLR, leasing magnate Steven Udvar-Hazy, executive chairman of Air Lease Corp, said: “We are working on a number of improvements in the cabin to accommodate long-haul operations”.

The A321XLR is expected to be able to fly around eight hours in most cases, linking U.S. eastern cities deep into Europe.

The head of International Airlines Group’s low-cost long-haul carrier Level, Vincent Hodder, told the Paris Air Forum the XLR could be configured to fly as long as 10 hours. Level and others are studying it, he said.

Airbus is chasing potential customers including American Airlines and JetBlue for the XLR and aims to grab up to 200 orders. It is expected to announce a deal with U.S. airline investor Indigo Partners later this week.

(Reporting by Tim Hepher, Editing by Louise Heavens and Mark Potter)

Boeing to Supply Parts for Airbus A320 Jets for British Airways

LE BOURGET, France June 17 (Reuters) – Boeing Co said on Monday it would supply parts for A320 jetliners made by its competitor Airbus to supply British Airways, the first such agreement by the U.S. planemaker to support an Airbus aircraft.

Under the agreement announced at the Paris Airshow, Boeing will manage and maintain a global exchange inventory of parts for Airbus’ A320 and A320neo single-aisle aircraft.

The deal reflects a push by the world’s largest planemaker into the higher-margin services business that includes aircraft parts and analytics, which Chief Executive Officer Dennis Muilenburg aims to grow to $50 billion in revenue in a decade.

“We were happy to put our hat in the ring and give a choice to British Airways,” Boeing Global Services Chief Executive Stan Deal told reporters.

British Airways also signed a deal for three landing gear exchanges for its 777 widebody fleet, Boeing said.

Separately on Monday, Boeing signed an agreement through its subsidiary Jeppesen to provide United Airlines with analytics services to help the carrier optimize crew planning operations through its entire fleet.

(Reporting by Eric M. Johnson and Tim Hepher; Editing by Alexander Smith and Mark Potter)

JetBlue Expands Service in South America with New Route

Released : 06/06/2019

New, Longest Route in the JetBlue Network Takes Off This December with Nonstop Service between New York-JFK and Guayaquil, Ecuador

NEW YORK–(BUSINESS WIRE)– JetBlue (NASDAQ: JBLU) today announced that its new and expanded Guayaquil service, with daily nonstop flights between New York’s John F. Kennedy International Airport (JFK) and Guayaquil, Ecuador’s José Joaquín de Olmedo International Airport (GYE), is now up for sale. JetBlue will launch the new service on December 5, 2019.* Flights will operate daily and the new route will become the longest in the JetBlue network, stretching beyond today’s longest route by more than 200 nautical miles.

“Today, the existing New York-Guayaquil market suffers from high fares and limited service choices,” said Andrea Lusso, director route planning, JetBlue. “Broadening our service in Guayaquil will also help us grow our network and will introduce yet another incredible destination for JetBlue customers in New York while also expanding JetBlue’s international footprint.”

Home to more than two million people, Guayaquil, is buzzing with colorful cityscapes, outdoor gardens and zoos. The city is also a convenient gateway to the natural beauty of the Galapagos Islands. With quick and easy flight access from Guayaquil, travelers can get up close and personal with wildlife while surrounded by unique landscapes unlike anywhere else in the world.

Guayaquil is the second city in Ecuador JetBlue serves and the sixth JetBlue city in South America overall. The airline first launched daily service between Fort Lauderdale and Quito in 2016. Existing service between Fort Lauderdale and Guayaquil launched February 2019.

Schedule between New York (JFK) and Guayaquil (GYE)
Beginning December 5, 2019

JFK – GYE Flight #1769 GYE – JFK Flight #1770
2:00 p.m. – 9:04 p.m. 10:55 p.m. – 5:13 a.m. (+1)

The new nonstop flight between the Northeast and South America will be made possible by the A321neo’s extended range and fuel efficiency. JetBlue’s growth in its existing Ecuador market advances the airline’s leadership position in Latin America and the Caribbean where it serves nearly 40 destinations, and where it currently operates approximately one-third of its flights.

Inside the aircraft, JetBlue’s award-winning comfort and connectivity will be the focus of the onboard customer experience. The A321neo will feature the Collins Meridian seat – which is the widest seat available for the single aisle Airbus family of aircraft – with enhanced cushion comfort, adjustable headrests, power connections at every seat and the most legroom in coach (a). Inflight entertainment will be powered by Thales AVANT and ViaSat-2 connectivity. With this system – featuring 10.1 inch, 1080P high definition screens, more than 100 channels of live television with DVR-like pause and rewind functionality, picture-in-picture function and more – JetBlue will offer customers expanded entertainment choices in nearly every region the airline flies (b). JetBlue is the only major U.S. airline with seatback entertainment screens at every seat on every aircraft.

About JetBlue Airways

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.

*Subject to receipt of government operating authority.

La Compagnie A321neo Makes Its First Transatlantic Flight

Toulouse – The first single-aisle A321neo destined for La Compagnie, an exclusively business-class French airline operating scheduled transatlantic flights, will commence transatlantic services on 6 June from Paris Orly Airport to Newark Liberty International Airport.

On lease from GECAS, La Compagnie’s A321neo is powered by CFM International LEAP 1A new generation engines and features a business class only cabin with 76 full flat seats, offering passengers unmatched comfort. The cabin also includes a high level of connectivity onboard.

Selected for their outstanding operational efficiency, comfort and range, these new-generation single-aisle aircraft allow the French carrier to benefit from better fuel efficiency and lower operating costs on its transatlantic New York-Paris route.

With this brand new A321neo, La Compagnie becomes the latest A321neo operator. The airline has two new A321neo aircraft on order.

La Compagnie’s A321neo will be presented on the Airbus static display at the Paris Air Show on 18 June (professional day).

The A320neo and its derivative aircraft family members are the world’s best-selling single aisle aircraft with over 6,500 orders from over 100 customers since its launch in 2010. It has pioneered and incorporated the latest technologies, including its new generation engines and the industry’s reference cabin design, delivering 20 percent fuel cost savings alone. The A320neo also offers significant environmental benefits with nearly a 50 percent reduction in noise footprint compared to previous generation aircraft.

@Airbus #A321neo @_LaCompagnie @GECAS

For more information about A321neo: https://www.airbus.com/aircraft/passenger-aircraft/a320-family/a321neo.html

JetBlue in Talks With Airbus on A321XLR Airplane

SEOUL (Reuters) – JetBlue Airways Corp is in discussions with Airbus SE about the European planemaker’s plans for a longer-range version of its A321neo family as it prepares to jump into the transatlantic market, Chief Executive Robin Hayes said on Monday.

The sixth-largest U.S. carrier has 85 A321neo aircraft on order, of which it has already decided to convert 13 into a longer-range version called the A321LR for its planned launch of daily flights from New York and Boston to London in 2021.

But if the low-cost carrier decides to fly to other European cities such as Brussels or Amsterdam, it will need a plane with more stamina. It is studying the A321XLR, which Airbus has been promoting ahead of a formal product announcement in June.

“London is the biggest opportunity because it has the highest fares, but there would be other opportunities if we had an airplane that had more range. The XLR gives us more range,” Hayes said on the sidelines of a global airlines meeting in Seoul.

“We’re still working through how many aircraft it would be (but) any XLRs would be linked to the planes we have on order today,” he told Reuters in an interview, adding any purchases would be converted from existing orders rather than generating completely new ones. No decision has yet been taken.

JetBlue is betting on its Mint business class product for narrowbody aircraft to succeed in the highly competitive premium transatlantic market. As of now, its U.S. customers have to fly to London on rival carriers where business class seats can cost as much as $12,000.

In the United States, JetBlue has argued that its Mint seats have driven a 50 percent decline in premium fares on some competing routes, and by sticking with narrowbody jets Hayes believes seats will be full.

U.S. carriers like American Airlines Group Inc and United Airlines service London with widebody aircraft that Hayes said can be tough to fill during off-peak travel.

“The transatlantic market is very seasonal. In the summer you tend to do very well but in the winter you’re flying a bunch of empty seats, so the LR helps us manage significantly the risk of the winter because we’re not flying such an expensive airplane.”

A handful of Europe-based budget carriers have tried to penetrate the transatlantic market in recent years, but only cash-strapped Norwegian Air is still standing.

Hayes said he expects to work on code-share agreements with partners that have a strong presence in Europe, where the airline wants to eventually build up its brand.

A number of JetBlue’s 50 airline partners have already reached out, he said.

(Reporting by Tracy Rucinski; Editing by Tim Hepher, Christopher Cushing)

Collins Aerospace Celebrates Airbus Nacelle Delivery Milestone

— Delivery of the 1000th nacelle for A320neo program out of Foley, Alabama

— Delivery of the 9000th V2500 nacelle

— Continued support for the A220 nacelle program ramp-up

FOLEY, Ala., May 30, 2019 /PRNewswire/ — Today Collins Aerospace Systems celebrated its 45-year relationship with Airbus by delivering the 1,000th nacelle for the A320neo program, delivering the 9000th V2500 nacelle, and continuing to support the ramp-up of the A220 nacelle program. These milestones were commemorated at a ceremony hosted by Collins Aerospace at its Foley, Alabama facility. More than 900 employees at the facility were joined by leaders from Airbus in the U.S., as well as Alabama Congressman Bradley Byrne, to mark the milestones. Collins Aerospace is a unit of United Technologies Corp. (UTX).

The relationship with Airbus dates back to the A300, the first Airbus aircraft. The milestones achieved are due to the strong collaboration and hard work from both companies.

“This celebration and the work we do with Airbus goes far beyond Foley today. Teams across our worldwide sites are working with pride and commitment to provide on-time delivery and quality, and ensure that our relationship with Airbus remains strong for years to come,” said Jim Pollock, Collins Aerospace Vice President of Airbus Programs. “We’re now integrating A320neo engines with our advanced nacelle systems on three continents and continuing to introduce new manufacturing innovations — such as robotic painting systems and advanced fastening tools — to meet the increasing global demand for air travel.” 

In support of the Airbus A320neo program, Collins has invested hundreds of millions of dollars to expand manufacturing capacity at six global sites.

Collins Aerospace’s innovative nacelle system for the Airbus A320neo is performing with 99.99% percent dispatch reliability. There are currently more than 750 Collins nacelles operating on A320neo aircraft with 32 airlines. 

“In more than a million fleet hours since the A320neo’s entry into service, there have been less than 10 delays and zero cancellations associated with the Collins nacelle,” said Pollock. “This type of reliability is a testament to the commitment and dedication of the program, engineering, and airline support teams.”

About Collins Aerospace

Collins Aerospace Systems, a unit of United Technologies Corp. (UTX), is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Created in 2018 by bringing together UTC Aerospace Systems and Rockwell Collins, Collins Aerospace has the capabilities, comprehensive portfolio and expertise to solve customers’ toughest challenges and to meet the demands of a rapidly evolving global market. For more information, visit CollinsAerospace.com

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