Today Malaysia Airlines Berhad (MAB) and Air Lease Corporation (NYSE: AL) signed long-term lease agreements for four (4) new Airbus A350-900s. The transaction also includes a lease option for two additional A350-900s and two A330-900neo aircraft.
Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft are from ALC’s order book with Airbus and will be delivered between the fourth quarter of 2017 and the second quarter of 2018.
Malaysia Airlines’ Chief Executive Officer Christoph Mueller said, “We are excited to have this aircraft as part of our fleet. The A350 is the most technologically advanced aircraft and we are confident that it will deliver exceptional passenger comfort and improve the overall efficiency of our fleet. We are very pleased to partner with Air Lease Corporation on this strategic transaction.”
“ALC is honored to welcome Malaysia Airlines Berhad as our newest valued customer. We are confident that these aircraft will maximize Malaysia Airlines’ operations to help grow its business while simultaneously reducing its operating costs and emissions,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “ALC looks forward to building a strong long-term relationship with Malaysia Airlines Berhad in the future,” he added.