Air Lease Corporation Announces the Placement of One Boeing 737-800 with Far Eastern Air Transport

Air Lease Corporation

announced a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one Boeing 737-800. The aircraft is presently on lease to a European carrier since early 2012 and will deliver to FEAT in June 2016. This is ALC's second 737 lease placement with FEAT, the first being a new 737-800 delivering in the second quarter of 2016 which was announced earlier this year. "ALC is very pleased to place a second B737-800 aircraft with Far Eastern Air Transport. We will continue to work closely with the FEAT management team as they renew and expand their fleet," said Jie Chen, Air Lease Corporation's Executive Vice President and Managing Director, Asia.