28 Jan 2019

Air Lease Corporation Announces Delivery of First of 12 New Airbus A321-200neo Aircraft with Vietnam Airlines

LOS ANGELES, January 28, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced today the delivery of one new Airbus A321-200neo aircraft featuring PW1130G engines on long-term lease to Vietnam Airlines.  This aircraft is the first of 12 new A321-200neos scheduled to deliver to Vietnam Airlines through 2019 from ALC’s order book with Airbus.

“ALC is pleased to announce this first of 12 new Airbus A321-200neo aircraft delivery today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “This new delivery strengthens our long-standing relationship as Vietnam Airlines continues to excel as one of the fastest growing airlines in Asia with the most modern, fuel-efficient aircraft.” 

“We are delighted to deliver the first of 12 new A321neo aircraft on long-term leases from ALC to Vietnam Airlines,” said Jie Chen, Executive Vice President and Managing Director, Asia of Air Lease Corporation.  “Further A321neo deliveries to Vietnam will take place in the coming weeks.”

In addition to the 12 new Airbus A321-200neo aircraft, Vietnam Airlines is also confirmed to take delivery of eight Boeing 787-10s from ALC starting in the third quarter of 2019 through 2021.  Vietnam Airlines currently has two A330-200s on lease from ALC, for a total of 22 aircraft on lease to the 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 Vietnam Airlines

Vietnam Airlines is the flag carrier of Vietnam. Founded in 1956 under the name Vietnam Civil Aviation, the airline was established as a state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Bien District, Hanoi, with hubs at Noi Bai International Airport and Tan Son Nhat International Airport.




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Mary Liz DePalma

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Jason Arnold

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

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