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Boeing delivers first 737-800 to Air Lease Corp.

Post by John Gillie / The News Tribune on June 5, 2012 at 1:01 pm with No Comments »
June 5, 2012 1:01 pm

Boeing today delivered the first of a new order of 737 airliners to an important new leasing company customer.

The aerospace company delivered a 737-800 to Air Lease Corporation, a company headed by leasing pioneer Steven Udvar-Hazy. Udvar-Hazy was formerly head of the world’s largest aircraft leasing company, International Lease Finance Corp. He left ILFC in 2009 in a dispute with its corporate parent, American International Group, AIG.

He and a score of former ILFC employees founded Air Lease Corp. in 2010. The 737-800 delivered today was the first of an order for 737s that Air Lease made at the Farnborough Air Show in England in 2010.

Air Lease Corp. will lease the plane to Korean Airlines.

The 737-800 is the best-selling version of the Next-Generation 737 family. The twin-engine, single-aisle plane was built in Renton.

“Today’s delivery marks another milestone in our long-term partnership with Air Lease Corporation,” said Bill Collins, vice president of leasing sales for Boeing Commercial Airplanes. “We are committed to supporting ALC’s growth by delivering the airplanes and services that its airline customers need to be successful.”

ALC has 94 airplanes remaining on order including 77 737-800s, five 777-300ERs (Extended Range) and 12 787-9 Dreamliners.

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