20 Sep 2018

Air Lease Corporation Announces Delivery of Airbus A320-200neo Aircraft with SKY Airline

LOS ANGELES, September 20, 2018 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new LEAP-1A26-powered Airbus A320-200neo aircraft on lease to SKY Airline (Chile). This A320-200neo aircraft is the first of three A320-200neo aircraft set to deliver to SKY Airline from ALC’s order book with Airbus.

“ALC is pleased to announce this A320-200neo delivery to our new customer, SKY Airline,” said John L. Plueger, Air Lease Corporation’s Chief Executive Officer and President. “ALC is the first lessor to introduce the A320-200neo to SKY and we look forward to a successful long-term relationship with the airline.”

“This new A320-200neo marks a milestone in the history of SKY and is the first of 21 deliveries that will culminate in 2021 and replace the current fleet. These new aircraft will establish SKY as the leading low-cost airline with the most modern and fuel-efficient fleet in South America. Our new fleet will have triple impact: efficient, safe and sustainable,” said Holger Paulmann, Chief Executive Officer of SKY Airline.

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 SKY Airline

Founded in 2002, SKY Airline has become one of the most important airlines in Chile and South America, carrying 26% of the domestic passengers with a fleet of 15 Airbus A320 and A319 aircraft provided with top technology. The company flies to 13 national destinations and eight in South America (Buenos Aires, Córdoba, Mendoza, Montevideo, Lima, Sao Paulo, Rio de Janeiro and Florianopolis). In 2015, SKY decided to become the first South American low-cost airline and impacted the domestic Chilean market with an airfare rate reduction of 35%. 




Investors

Mary Liz DePalma

Assistant Vice President, Investor Relations

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

Media

Laura Woeste

Manager, Media and Investor Relations

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