Air Lease Secures Long-Term Deal With Thai Airways For Three Boeing 787-9s
Portfolio Pulse from Nabaparna Bhattacharya
Air Lease Corporation (NYSE:AL) has entered into long-term lease agreements with Thai Airways International for three Boeing Company (NYSE:BA) 787-9 aircraft, set for delivery in 2025. These aircraft will be used to enhance Thai Airways' global network, including flights to Europe, Australia, and Intra-Asia. This deal is part of Air Lease's commitment to fleet modernization, with the company having taken delivery of 22 aircraft in the fourth quarter, representing $1.2 billion in investments and ending the period with 463 aircraft in its owned fleet.
February 27, 2024 | 12:42 pm
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POSITIVE IMPACT
Air Lease Corporation has secured a significant lease agreement with Thai Airways for three Boeing 787-9 aircraft, indicating a strong demand for its leasing services and a commitment to fleet modernization.
The lease agreement with Thai Airways for three Boeing 787-9 aircraft highlights Air Lease Corporation's strong position in the aircraft leasing market and its ongoing efforts to modernize its fleet. This deal is likely to be viewed positively by investors, as it demonstrates both demand for Air Lease's services and its strategic investments in modern, fuel-efficient aircraft. The delivery of 22 aircraft in the fourth quarter further underscores the company's growth trajectory and operational success.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Boeing Company benefits from a long-term lease agreement between Air Lease Corporation and Thai Airways for three 787-9 aircraft, indicating continued demand for its aircraft models.
The agreement for three Boeing 787-9 aircraft to be leased to Thai Airways by Air Lease Corporation underscores the continued demand for Boeing's aircraft models, particularly the 787-9 Dreamliner. This deal not only reflects positively on Boeing's product offerings but also supports its financial outlook by securing orders from leasing companies, which are crucial partners in the aviation industry. The delivery of these aircraft in 2025 will contribute to Boeing's future revenue streams and strengthen its position in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70