Boeing Statement On Air Lease Corporation Agreement For Up To 33 Airplanes

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Agreement For Up To 24 Next-Generation 737-800s, Five 777-300ERs and Four 787-9 Dreamliners

LE BOURGET, France, June 20, 2011 /PRNewswire/ —
Boeing (NYSE: BA) announced today at the Paris Air Show that Air Lease Corporation (ALC) will purchase up to 33 airplanes. The agreement calls for 14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300ERs (Extended Range) and four 787-9 Dreamliners. ALC also agrees to exercise options on six airplanes from last year’s 60 737-800 order.

Boeing looks forward to finalizing the details of the agreement, at which time it will be posted to the Boeing Orders & Deliveries website.
“We continue to build the foundation of our growing commercial lease fleet with these Next-Generation 737s, 777-300ERs and 787 Dreamliners,” said Steven F. Udvar-Hazy, chairman and CEO of Air Lease Corporation. “These modern, fuel-efficient airplanes will provide our airline clients the capabilities to perform their missions in the most economical, reliable and environmentally responsible manner.”
The Next-Generation 737 family is the world’s best-selling airplane because of its ability to deliver outstanding, dependable operational and financial performance across the widest wide range of missions.

The 777-300ER extends the 777 family’s span of capabilities carrying 365 passengers up to 7,930 nautical miles (14,685 km). The 787-9 will seat 250-290 passengers, 16 percent more than the 787-8, with a range of 8,000 to 8,500 nautical miles (14,800 to 15,750 km).
“Air Lease Corporation’s management team has a proven track record in global airplane leasing,” said President and CEO Jim Albaugh, Boeing Commercial Airplanes. “This agreement demonstrates their disciplined approach to building a fleet of young, high-quality, high-demand airplanes. It is impressive how Air Lease Corporation has positioned itself for success since starting business early last year.”

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