Air Lease Corporation Announces Delivery of First of Six New Airbus A220-300 Aircraft to TAAG Angola Airlines
24 September 2024 - 10:31PM
Business Wire
Air Lease Corporation (NYSE: AL) announced the delivery of one
new Airbus A220-300 to TAAG Angola Airlines, the national carrier
of Angola. This is the first A220 aircraft to deliver on long-term
lease to TAAG and is the first of six new A220-300s confirmed to
deliver to the airline from ALC’s orderbook with Airbus.
“We are pleased to announce ALC’s first of six new A220-300
aircraft delivered to TAAG Angola Airlines,” said Steven F.
Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC is
the first lessor to introduce the A220 to the airline and we look
forward to assisting TAAG in commencing its long-term fleet
modernization program by adding these new-generation,
fuel-efficient aircraft.”
“Adding the A220-300 demonstrates TAAG’s ambition for
modernization and growth as the company builds a versatile fleet to
address market demand under the airline’s expansion plan (new
routes and frequencies increase). From a local content empowerment
perspective, the aircraft will have an Angolan crew with multiple
teams benefiting from comprehensive training programs,” said Nelson
de Oliveira, CEO of TAAG.
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)
Air Lease Corporation is a leading global 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 new commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. The
company routinely posts information that may be important to
investors in the “Investors” section of its website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult Air Lease Corporation’s website regularly for
important information. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
About TAAG
TAAG Angola Airlines is the leading airline in the country and
is recognized worldwide for its strong high-yield market, having
grown its current network to 13 domestic and 11 international
destinations. Its fleet allows, in addition to passenger transport,
air cargo services which have become essential for Angola´s growth
and development. TAAG is a company that prides itself on a strong
track record of service and performance excellence. For more
information on TAAG Angola Airlines, visit: www.taag.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240924902425/en/
Investors:
Jason Arnold Vice President, Investor Relations Email:
investors@airleasecorp.com
Media:
Laura Woeste Senior Manager, Media and Investor Relations Email:
press@airleasecorp.com
Ashley Arnold Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
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