Air Lease Corporation Announces Lease Placement of New Boeing 787-9 Dreamliner with LOT Polish Airlines

LOS ANGELES, April 19, 2017 -- Today Air Lease Corporation (NYSE:AL) announced a long-term lease agreement with LOT (Poland) for a new Boeing 787-9 aircraft with Rolls Royce Trent 1000 engines.  The aircraft is from ALC’s order book with Boeing and will deliver in the second quarter of 2018.

“We are very pleased to announce this new 787-9 lease placement with LOT.  In addition to the six new 737 MAX 8s ALC placed with LOT last year (first delivery November 2017), the Dreamliner offers new efficiencies and an enhanced passenger experience that will better serve their growing route networks,” said Alex Khatibi, Air Lease Corporation’s Executive Vice President.

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 LOT Polish Airlines

LOT Polish Airlines is a modern airline that connects Central and Eastern Europe with the world. It provides nearly 5 million passengers a year with the shortest and most comfortable travel options to almost 60 destinations worldwide via Warsaw, a competitive hub that offers fast connections. As the only carrier in the region, LOT offers direct long-haul flights to New York, Chicago, Newark, Los Angeles, Toronto, Beijing, Tokyo and Seoul. It flies one of the youngest fleets in Europe and, as the only airline, operates the Boeing 787 Dreamliner, the world's most advanced aircraft, on all long-haul connections. LOT relies primarily on the passion and positive energy of its team members, including top ranking pilots in the global aviation business, often champions in many aviation sports. With 87 years of experience, LOT is also one of the oldest airlines in the world and the most internationally recognized Polish brand.

Investors:
Mary Liz DePalma
Director of Investor Relations
Email: [email protected]

Media: 
Laura St. John 
Manager, Media and Investor Relations 
Email: [email protected]