NETHERLANDS: Stay Alert, Dutch Tourists In Turkey Warned

The Netherlands has issued a travel warning for Turkey amid a growing row between the two countries. Meanwhile, Ankara has summoned the Dutch envoy, claiming a Turkish minister and hundreds of demonstrators were subject to “bad treatment” by authorities.

The Dutch Foreign Ministry released the updated advisory on Monday, warning citizens to be careful when visiting Turkey.

“Since March 11, 2017 there have been diplomatic tensions between Turkey and The Netherlands. Stay alert across the whole of Turkey and avoid gatherings and crowded places,” the ministry said in its warning.

It went on to warn that there is a safety risk when traveling to Turkey, adding that Dutch citizens should register with the ministry ahead of travel.

The Turkish tourism sector is already suffering following last year’s attempted military coup and a number of terrorist attacks. Visits from Dutch citizens saw a 30 percent drop last year.

FlyBe airline has announced it will be expanding its seasonal summer service on its London City-Amsterdam route.

It is currently operating this route only on weekends, however, beginning March 27, the airline will begin service on weekdays with 7 weekly flights overall.

Flybe is the largest independent regional airline in Europe. It is based in Exeter, and operates more UK domestic flights than any other airline. Its hubs are located at Manchester Airport and Birmingham Airport.

In January 2017, the airline was rated as the best UK airline for punctuality and the sixth worldwide in the 2016 OAG Punctuality League report.

The Air Lease Corporation will provide two Airbus A330-900NEO’s on a long term lease to Air Mauritius with delivery dates set for September and October next year, when two ageing Airbus A340’s will be retired from the airline’s fleet.

The new widebody jets will be powered by Rolls Royce Trent 7000 engines and offer passengers a dual class cabin layout with 28 flatbed business class seats and 263 new generation economy class seats. The airline has opted not to include a premium economy class section at this stage as this value added option is gaining traction now among the world’s leading airlines.

Air Mauritius also has orders for the Airbus A350XWB pending with the first two of these state of the art aircraft due for delivery in 2019 but rescheduled the dates for two more from 2020 to a provisional 2023.

The airline is also embarking on retrofitting the existing long haul fleet of two Airbus A330-200 and six Airbus A340’s with new seats, a new entertainment system and notably WiFi on board.

Meanwhile will Amsterdam become a year round destination for Mauritius as KLM has announced a code shared flight, KL501, to operate every Monday, Thursday and Saturday, using a brand new Boeing B787-9 as of 30th of October this year. The aircraft will be offering a three class layout for passengers with 30 flatbed Business Class seats, 45 Comfort Economy seats and 219 standard Economy Class seats.

The summer schedule flights, as of 26th of March 2018, will be operated by Air Mauritius using an Airbus A340 on the route every Monday and Friday with a third service added for the months of August and October.

USA: Air Lease Corporation’s Outlook Revised To Positive By Standard And Poor’s

Air Lease Corporation (ALC) (NYSE: AL) today announced that Standard & Poor’s Ratings Services revised its outlook on ALC to positive from stable, and affirmed all ratings, including the ‘BBB-’ corporate credit rating.

Standard & Poor’s highlighted in its press release that the positive outlook reflects Air Lease Corporation’s improved credit metrics and the expectation that this trend will continue.

Greg Willis, Senior Vice President and Chief Financial Officer of Air Lease Corporation commented, “We are pleased that Standard & Poor’s has recognized Air Lease’s strengthening credit profile with a positive outlook on our corporate credit rating. We benefit from diversified funding sources, our low-leverage unencumbered balance sheet, the strength of our core business, and the continued growth of the global airline industry.”

Additional information regarding ALC’s revision in outlook can be found in Standard and Poor’s press release dated October 26, 2015 available on Standard and Poor’s website at www.standardandpoors.com. None of the information on Standard and Poor’s website, including the press release, is incorporated by reference into or is otherwise a part of this press release. The upgrade is subject to revision or withdrawal at any time by the rating agency and is not a recommendation to buy, sell or hold securities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.

USA: Air Lease Corporation Announces Delivery Of First Of Four New Boeing 777-300ERs On Long Term Lease With EVA Air

Air Lease Corporation (NYSE: AL) announced the delivery of the first of four new B777-300ER widebody aircraft on long term lease with EVA Air (Taiwan). The additional three aircraft are scheduled for delivery in 2016 and 2017, and all four are from ALC’s order book with Boeing.

“ALC is delighted to deliver this first of four new 777-300ERs to EVA Air, which also happens to be the fleet debut of the airline’s new aircraft livery,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation. “We look forward to a long and prosperous relationship with EVA as they continue to grow their long haul fleet network.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.

About EVA Airways Corporation (EVA Air)

EVA Air, a premier international airline based in Taiwan, was established in 1989 and has been a Star Alliance member since June 2013. EVA Air is a modern network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com.