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Press Release - June 18, 2020
Air Lease Corporation Announces Delivery of New Airbus A320-200neo Aircraft to Atlantic Airways

Los Angeles, California, June 18, 2020 – Air Lease Corporation (NYSE: AL; “ALC”) announced today the delivery of one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national carrier of the Faroe Islands.  Powered by CFM International LEAP-1A26 engines, this aircraft is the second of two A320-200neos that delivered to the airline from ALC’s order book with Airbus. 

“We are pleased to announce this second A320-200neo delivery to Atlantic Airways today,” said Grant Levy, Executive Vice President of Air Lease Corporation.  “ALC introduced the A320-200neo to Atlantic Airways’ fleet last year and it has greatly enhanced the passenger experience and overall operations of the airline.  We are confident that this second A320neo from ALC will continue to support the national carrier’s excellent 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 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 Atlantic Airways  

Atlantic Airways is an international company whose corporate culture is known by its focus on safety, punctuality, the customer and the result. The Sørvágur-based company, which is the Faroese flag carrier airline, currently employs around 180 people. The Atlantic Airways fleet consists of three aircraft and two helicopters. The aircraft provide regular service between the Faroes and a range of cities in Denmark as well as neighboring countries, with direct routes to Paris, Copenhagen, Billund, Aalborg, Bergen, Reykjavik, Edinburgh, Barcelona, Mallorca, and Gran Canaria.  In addition, the company’s activities include charter operation outside the Faroes. The helicopter department provides regular service to the different islands in the Faroes and search-and-rescue activities.