21 Jan 2019

Air Lease Corporation Announces Lease Placement of One New Boeing 737 MAX 9 Aircraft with Samoa Airways

LOS ANGELES, January 21, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced today the lease placement of one new Boeing 737 MAX 9 aircraft on long-term lease with Samoa Airways, the flag carrier airline of Samoa. The aircraft will feature two CFM LEAP-1B27 engines and is scheduled to deliver in Spring 2019 from ALC’s order book with Boeing. 

“ALC is pleased to announce this Boeing 737 MAX 9 placement with new customer, Samoa Airways,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The 737 MAX 9 will enhance Samoa Airways’ signature experience in the air and contribute to the airline’s growing route network.”

“This will be the first new Boeing 737 MAX 9 in the South Pacific region and will operate a frequent schedule from Samoa to Australia and New Zealand,” said Matthew Stevens, Assistant Vice President of Air Lease Corporation. 

“We are delighted to lease this new Boeing 737 MAX 9 jet from ALC for our flagship international routes, offering the most modern and economical aircraft for our airline,” said Alvin Tuala, Chief Executive Officer of Samoa Airways. 

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 Samoa Airways

Samoa Airways is the designated national carrier of Samoa. Headquartered in Apia, the Airline was established in 1959 and rebranded as Samoa Airways in 2017. It operates scheduled international jet services between Apia, Auckland, Sydney and Brisbane. Samoa Airways also operates a fleet of Twin Otter turbo-prop aircraft which fly between Fagali’i and Pago Pago and within American Samoa.




Investors

Mary Liz DePalma

Assistant Vice President, Investor Relations

Jason Arnold

Assistant Vice President, Finance

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

Media

Laura Woeste

Manager, Media and Investor Relations

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