29 Nov 2018

Air Lease Corporation Announces Delivery of One New Airbus A321-200 Aircraft with Frontier Airlines

LOS ANGELES, November 29, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Airbus A321-200 aircraft on long-term lease to Frontier Airlines. Featuring CFM International CFM56-5B3/3 engines, this A321-200 is the first of two A321-200 aircraft confirmed to deliver to Frontier Airlines from ALC’s order book with Airbus. Traditional to Frontier Airlines, this A321-200 aircraft will unveil a new special livery with a “Xavier, The Mountain Goat” animal tail.

“ALC is delighted to extend our excellent relationship with Frontier Airlines to include the delivery of this new A321-200 aircraft,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321-200 is a key addition to Frontier’s fleet as the airline continues to excel as an ultra-low-cost carrier within the United States.”

“We are excited to welcome Xavier the Mountain Goat and his A321-200 to the Frontier family,” said Barry Biffle, President and CEO of Frontier Airlines. “Our valuable relationship with ALC is helping us to continue to grow our airline, offering easy and affordable air travel to our customers – what we mean by ‘Low Fares Done Right.’”

This A321-200 aircraft joins two A320-200 aircraft currently on long-term lease to Frontier from ALC. The second new A321-200 aircraft from ALC is set to deliver to Frontier Airlines in December 2018.

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 Frontier Airlines

Frontier Airlines is committed to offering ‘Low Fares Done Right’ to more than 60 destinations in the United States, Mexico, Costa Rica, Jamaica and the Dominican Republic on more than 270 daily flights. Headquartered in Denver, Frontier’s hard-working aviation professionals pride themselves in delivering the company’s signature Rocky Mountain hospitality to customers. Frontier Airlines is the proud recipient of the Federal Aviation Administration’s 2014 Diamond Award for maintenance excellence and was recently named the industry’s most fuel-efficient airline by The International Council on Clean Transportation (ICCT) as a result of superior technology and operational efficiencies.

For more information or to purchase a Frontier flight, visit FlyFrontier.com, where Frontier guarantees the best travel value for Frontier flights. Customers can sign up at FlyFrontier.com/email-alert to receive special discounts and promotions only available to Frontier’s email subscribers. Special offers are also available by following Frontier on Twitter at Twitter.com/FlyFrontier or by liking Frontier on Facebook at Facebook.com/FlyFrontier.




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