LOS ANGELES, California, March 13, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with KLM (The Netherlands) for a new Boeing 777-300ER aircraft with two General Electric (GE) engines, scheduled for delivery in 2016.
“The Boeing 777-300ER continues to be an integral part of KLM’s long haul fleet,” said Grant Levy, Executive Vice President of Air Lease Corporation. “ALC is proud to place this new Boeing 777-300ER with KLM which allows KLM to maintain its premier global airline fleet and continues the long and excellent relationship that ALC has with KLM.”
ALC already leases Airbus A330-200, A330-300, Boeing 777 and 737-800 aircraft to KLM.
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.
KLM Royal Dutch Airlines was founded in 1919, making it the world’s oldest airline still operating under its original name. In 2004, Air France and KLM merged to form AIR FRANCE KLM. The merger produced the strongest European airline group based on two powerful brands and hubs – Amsterdam Airport Schiphol and Paris Charles de Gaulle. Retaining its own identity, the group focuses on three core businesses: passenger transport, cargo and aircraft maintenance.
In the Netherlands, KLM comprises the core of the KLM Group, which further includes KLM Cityhopper, transavia.com and Martinair. KLM serves all its destinations using a modern fleet and employs over 33,000 people around the world. KLM is a leader in the airline industry, offering reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation.