17 Jan 2018

Air Lease Corporation Activity Update for the Fourth Quarter of 2017

LOS ANGELES, California, January 18, 2018 — Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the fourth quarter of 2017:

As of December 31, 2017, ALC’s fleet was comprised of 244 owned aircraft and 50 managed aircraft.

Deliveries

  • Delivered 8 new aircraft including 2 Boeing 787-9s, 2 Boeing 737-8 MAXs, 2 Airbus A321neos and 2 Airbus A350-900s
  • Delivered 4 used Boeing 737-800s purchased in the secondary market
  • Sold 2 aircraft including 1 Boeing 737-800 to Blackbird Capital II, LLC and 1 Airbus A330-200 to a third party, and received insurance proceeds related to the insured loss of 2 Boeing 737-800 aircraft
  • Issued $1.1 billion of unsecured senior notes including $600 million 2.750% unsecured senior notes due 2023 and $500 million 3.625% unsecured senior notes due 2027
  • On January 5, 2018, ALC released a Form 8-K detailing estimated impacts related to the Tax Cuts and Jobs Act. Please see such Form 8-K for more information.

Sales

  • Sold 2 aircraft including 1 Boeing 737-800 to Blackbird Capital II, LLC and 1 Airbus A330-200 to a third party, and received insurance proceeds related to the insured loss of 2 Boeing 737-800 aircraft

Financing

  • Issued $1.1 billion of unsecured senior notes including $600 million 2.750% unsecured senior notes due 2023 and $500 million 3.625% unsecured senior notes due 2027

Tax

  • On January 5, 2018, ALC released a Form 8-K detailing estimated impacts related to the Tax Cuts and Jobs Act. Please see such Form 8-K for more information.

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.




Investors

Depalma Maryliz 004

Mary Liz DePalma

Assistant Vice President, Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Stjohn Laura 018 Lorez

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com