Air Lease Corporation Announces Delivery of First of Six New Airbus A220-300 Aircraft to TAAG Angola Airlines

Business Wire 24-Sep-2024 4:31 PM

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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