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SEPTEMBER 2019

Industry Addendum: Leasing

Vietnam Airlines accepts first 787-10 from ALC

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September 1st 2019

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Air Lease Corporation (ALC) delivered the first of eight 787-10s to Vietnam Airlines last month. Read More » The eight aircraft will be powered by GEnx-1B74/75 engines.

ALC executive chairman, Steven F. Udvar-Hazy, said the firm was the first lessor to lease the Dreamliner -10 to the Vietnamese flag carrier. The Los Angeles-headquartered lessor will complete delivery of the eight aircraft, from ALC’s order book with Boeing, by 2021.

Separately, the Qantas Group has signed a Letter of Intent with Luxembourg-headquartered Vallair to lease an A321P2F aircraft conversion with delivery scheduled for next year. The Australian carrier will be the first airline in the world to fly the A321 as a freighter. The aircraft will operate as part of the recent alliance established between Qantas and Australia Post.

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