Air Lease Corporation Announces Lease Placement of New Boeing 787 Dreamliner with Aeromexico

LOS ANGELES, Feb. 28, 2017 -- Today Air Lease Corporation (NYSE:AL) announced a long term lease agreement with Aeromexico for one new Boeing 787-9 aircraft with General Electric engines. The aircraft is from ALC’s order book with Boeing and is scheduled for delivery in June 2018.

"When ALC began in 2010, Aeromexico was our first customer in Latin America.  This will be our second new 787-9 on lease to the airline, the first 787-9 delivered in November 2016.  The aircraft will be flown primarily on flights between Mexico and Europe and to Asia, replacing a 777-200 being returned to another lessor," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation.

"We are pleased to lease another new Boeing 787-9 from ALC in mid-2018, to further strengthen our growing intercontinental route network,” said Dr. Andrés Conesa, Chief Executive Officer of Aeromexico.

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 Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 16 in the United States, 16 in Latin America, three in Europe, two in Asia and two in Canada. The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.

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

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