Boeing, Air Lease Corporation Announce Order for 10 777-300ERs

Thu Feb 28, 2013 4:05pm EST

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Leasing company expands fleet of long-haul airplanes
SEATTLE,  Feb. 28, 2013  /PRNewswire/ -- Boeing (NYSE: BA) and Air Lease
Corporation (ALC) announced an order today for 10 777-300ERs (extended range)
airplanes. The order, valued at  $3.2 billion  at current list prices, adds to
the growing portfolio of long-haul airplanes for the  Los Angeles-based leasing

"This order for 777-300ERs will help us meet the growing airline demand for
long-haul passenger airplanes," said  John L. Plueger, president and chief
operating officer of Air Lease Corporation. "These 777-300ERs will enable our
customers to grow and modernize their fleets. The 777 offers our clients the
most economical, fuel-efficient and versatile airplane in the 300-400 seat
range, suitable for a variety of profitable missions."

"Air Lease Corporation has established itself as a leader in the leasing
industry by assembling a diverse fleet of modern, economical and fuel efficient
airplanes," said  John Wojick, senior vice president of Global Sales for Boeing
Commercial Airplanes. "With the 777-300ER order, ALC continues to demonstrate
confidence in the airplane and the value it provides to its customers."

ALC has ordered 185 airplanes from Boeing including 78 Next-Generation 737s, 80
737 MAXs, 12 787 Dreamliners and 15 777-300ERs. The leasing company also has
reconfirmation rights on 20 additional 737 MAX airplanes.

The Boeing 777 is the world's most successful twin-engine, long-haul airplane.
The 777-300ER extends the 777 family's span of capabilities, bringing
twin-engine efficiency and reliability to the long-range market. The airplane
carries 386 passengers up to 7,825 nautical miles (14,490 km). The 777-300ERs
are equipped with GE90-115B engines, the world's most powerful commercial jet
engine. 1,072 777s have been delivered through the end of January and a total of
1,441 have been ordered from 66 customers around the globe.

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

Tim Bader
North America/Leasing Communications
+1 425-717-0672

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SOURCE  Boeing

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