Air Lease Corporation signed a long-term lease agreement with MIAT Mongolian Airlines for one new Boeing 787-9 aircraft.

The aircraft, scheduled to deliver to the airline in Spring 2021 from ALC’s order book with Boeing, will be the first 787-9 to operate in Mongolia as well as the first Dreamliner in MIAT Mongolian Airlines’ fleet.

“ALC is honored to announce this significant lease placement with MIAT Mongolian Airlines and be the first to introduce the airline to the Dreamliner,” said Steven F. Udvar-Házy, executive chairman of Air Lease Corporation. “We are proud to support the national carrier as it expands its fleet with the most technologically advanced aircraft to connect Mongolia with the rest of the world.”

“Our vision is to become a globally recognized Mongolian national flag carrier, and we are making a significant step forward by adding the first 787-9 Dreamliner to our fleet,” said Battur Davaakhuu, president and CEO, MIAT Mongolian Airlines. “The Mongolian Dreamliner will fly our passengers direct and in unmatched comfort to their dream destinations. Today is a proud day for MIAT and for all Mongolians.”

“It will be wonderful to see the 787 Dreamliner in MIAT Mongolian Airlines’ livery flying in and out of Ulaanbaatar and connecting Mongolia with key destinations across Asia and Europe. The airline has continued to build on its proud aviation history by modernizing its fleet and operations. We are honored MIAT has selected the 787 and its superior fuel efficiency and range to profitably grow their international network,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “We are delighted to partner with leading lessor ALC, which has a tremendous portfolio of 787 Dreamliners and other advanced jets, to open a new chapter in MIAT’s history.”

Founded in 1956 and headquartered in Ulaanbaatar, the capital city of Mongolia, MIAT Mongolian Airlines is the national flag carrier of Mongolia. The airline operates international scheduled services in Asia and Europe from its Chinggis Khaan International Airport home base in Ulaanbaatar and handles more than half of Mongolia-bound international passenger traffic. It currently operates two Boeing 737 MAX 8 aircraft and one 737-800 aircraft on lease from ALC.

Based in Los Angeles, Air Lease Corporation is an aircraft leasing company that has airline customers throughout the world. It is principally engaged in purchasing commercial aircraft and leasing them to its customers through customized aircraft leasing and financing solutions.