Air Lease Corporation Announces the Placement of Two New ATR 72-600s with Golden Myanmar Airlines
LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation (NYS: AL) announced a long term lease agreement with Golden Myanmar Airlines (GMA) for two new ATR 72-600 aircraft, which are scheduled for delivery in January and March of 2014.
"We are pleased to add Golden Myanmar Airlines to our growing list of Asian airline clients and welcome GMA as our first lessee in Myanmar (Burma), where tourism is increasing at a rapid rate," said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.
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 an 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 partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
About Golden Myanmar Airlines
Golden Myanmar Airlines (GMA) is Myanmar's first scheduled domestic and international low cost carrier, established in July 2012. GMA is based in Yangon, Myanmar and is currently operating Airbus A320 jet aircraft on routes to Bangkok and Mandalay.
Air Lease Corporation
Assistant Vice President
Strategic Planning and Investor Relations
Laura St. John
Media and Investor Relations Coordinator
KEYWORDS: United States Asia Pacific North America Myanmar California
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