Air Lease Secures Long-Term Deal With Thai Airways For Three Boeing 787-9s

Air Lease Corporation AL disclosed long-term lease agreements for three new Boeing Company‘s BA 787-9 aircraft with Thai Airways International. 

These three Dreamliner aircraft are confirmed to be delivered to the Thai carrier in 2025 from the order book with Boeing.

“We are pleased to announce this transaction for three new Boeing 787-9 aircraft with new customer, Thai Airways International,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

These Boeing 787-9s will be utilized on flights to Europe, Australia and Intra-Asia to strengthen Thai Airways’ global network.

“The incorporation of these aircraft underscores our dedication to fleet modernization and delivering exceptional comfort and efficiency to our passengers,” said Chai Eamsiri, CEO of Thai Airways International.

During the fourth quarter, Air Lease took delivery of 22 aircraft, representing approximately $1.2 billion in aircraft investments, ending the period with 463 aircraft in our owned fleet and over $30 billion in total assets.

Price Action: AL shares closed lower by 0.53% to $39.76 on Monday.

Photo via Wikimedia Commons