Press
Press Release - March 18, 2020
Air Lease Corporation Announces Delivery of New Airbus A320-200neo Aircraft to Air Seychelles

LOS ANGELES, March 18, 2020 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Air Seychelles.  Featuring CFM International LEAP-1A26 engines, this aircraft delivered from ALC’s order book with Airbus. 

“We are pleased to announce this new A320-200neo delivery to Air Seychelles today and further ALC’s long-time relationship with the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “This new A320neo replaces an A320 aircraft that Air Seychelles previously had on lease from ALC and will enhance the airline’s current fleet operations.”

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.  ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

About Air Seychelles

Air Seychelles, the national airline of the Republic of Seychelles, was established in 1978 and began long-haul service in 1983. As the main driver of tourism in Seychelles, it is a core pillar of the national economy.  The airline offers international flights to Abu Dhabi, Johannesburg, Mauritius and Mumbai. Air Seychelles also operates daily domestic flights and charter services throughout the archipelago.