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Air Lease Corporation Announces Delivery of Boeing 787-9 Aircraft with Air New Zealand

September 19, 2018

LOS ANGELES--(BUSINESS WIRE)--Sep 19, 2018--Air Lease Corporation (NYSE: AL; “ALC”) announced today the delivery of one new Boeing 787-9 aircraft on long-term lease to Air New Zealand from ALC’s order book with Boeing.

“ALC is delighted to announce this Boeing 787-9 delivery to Air New Zealand,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC is proud to continue its long excellent relationship with Air New Zealand by leasing this new B787-9 aircraft which will be an instrumental aircraft in Air New Zealand’s ongoing fleet evolution and modernization to maintain its status as a leading global airline.”

Air New Zealand currently has Airbus A320s and Boeing 777-300ERs on lease from ALC, with additional A320-200neo and A321-200neo aircraft set to deliver from ALC’s order book with Airbus.

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 Air New Zealand (NZX: AIR; ASX: AIZ)

Air New Zealand is an international and domestic airline group which provides air passenger and cargo transport services from New Zealand to Australia, the Pacific Islands, Asia, North and South America and the United Kingdom.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005740/en/

CONTACT: Air Lease Corporation

Investors:

Mary Liz DePalma

Assistant Vice President, Investor Relations

mdepalma@airleasecorp.com

or

Media:

Laura Woeste

Manager, Media and Investor Relations

lwoeste@airleasecorp.com

KEYWORD: UNITED STATES NORTH AMERICA AUSTRALIA/OCEANIA NEW ZEALAND CALIFORNIA

INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL TRANSPORTATION MANUFACTURING AEROSPACE PROFESSIONAL SERVICES FINANCE

SOURCE: Air Lease Corporation

Copyright Business Wire 2018.

PUB: 09/19/2018 04:31 PM/DISC: 09/19/2018 04:31 PM

http://www.businesswire.com/news/home/20180919005740/en

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