Air Lease Corporation Announces Delivery of First of Ten New Boeing 787-10 Aircraft to Korean Air

Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 787-10 to Korean Air. This aircraft is the first of ten 787-10s confirmed to deliver to the Korean flag carrier from ALC’s orderbook with Boeing.

“ALC is thrilled to announce delivery of the first of ten new Boing 787-10 aircraft leased to our longtime customer, Korean Air. We are honored to continue to build on our strong relationship with Korean and support its exciting and transformational growth as one of the world’s premier airlines,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.

“Korean Air is excited to extend our strong relationship with ALC,” said Walter Cho, Chairman and Chief Executive Officer of Korean Air. “Korean Air has been a longtime loyal customer of ALC, and this addition will strengthen the future relationship. The 787-10 from ALC will be part of Korean Air's flagship aircraft, serving many key destinations around the world. With competitive and sustainable aircraft such as the 787-10, ALC and Korean Air will continue to strengthen the already strong relationship between the two companies.”

ALC currently has five Boeing aircraft on long-term lease to Korean Air, including two 777-300ERs and three 737-800s.