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AL Air Lease Corporation

48.49
-0.15 (-0.31%)
Pre Market
Last Updated: 12:20:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Air Lease Corporation NYSE:AL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -0.31% 48.49 1,402 12:20:00

Korean Air to Add 30 Dreamliners in Deals With Boeing, Air Lease

18/06/2019 11:39am

Dow Jones News


Air Lease (NYSE:AL)
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By Colin Kellaher

 

Boeing Co. (BA) on Tuesday said Korean Air Lines Co. (003490.SE) will add 30 787 Dreamliners to its fleet through the purchase of 20 planes from the aerospace giant and the lease of another 10 aircraft from Air Lease Corp. (AL).

Boeing said Korean Air has agreed to buy 10 new 787-10s and 10 more 787-9 airplanes, valued at $6.3 billion at list prices, in a deal announced at the Paris Air Show.

Chicago-based Boeing said the order will quadruple the 787 fleet at Korea's flag carrier, which currently operates 96 Boeing passenger planes.

Air Lease, a Los Angeles aircraft-leasing company, said it will deliver the 787-10s that Korean Air is leasing between 2021 and 2023 from its current order book with Boeing.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 18, 2019 06:24 ET (10:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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