23 Jan 2019

Air Lease Corporation Announces Lease Placement of Three New Airbus A321-200neo LR Aircraft with SAS

LOS ANGELES, January 23, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with SAS for three new Airbus A321-200neo LR aircraft, scheduled for delivery in 2020 and 2021 from ALC’s order book with Airbus.  The three new A321LR aircraft add to two A320-200neos on lease to the airline, for a total of five Airbus aircraft confirmed to deliver to SAS from ALC.

“ALC is pleased to announce this lease placement for three new Airbus aircraft with SAS and be the first to introduce the A321LR to the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A321-200neo LR will significantly enhance SAS’ expanding fleet operations as the airline launches new intercontinental routes with the most modern, fuel-efficient aircraft.”

“The A321LR is a key addition to SAS’ fleet with the capability to reach the airline’s most important international markets, as well as new destinations in smaller markets – all from Scandinavia,” added Marc Baer, Executive Vice President of Air Lease Corporation.

“This is a completely new type of aircraft for SAS,” said Rickard Gustafson, Chief Executive Officer of SAS. “Incredibly well-adapted to the Scandinavian market and our travel patterns, we look forward to the launch of new routes and to evaluate the A321LR in service.”

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 SAS

SAS carries more than 30 million passengers annually and is Scandinavia’s leading airline with close to 800 daily flights on 272 routes to 123 destinations in Scandinavia, Europe, USA and Asia. SAS is a member of Star Alliance™ and can together with its partner airlines offer more than 18,400 daily flights to 1,300 destinations around the world in over 190 countries. SAS is listed at the stock exchanges in Stockholm, Copenhagen and Oslo. For more information, visit www.sasgroup.net.




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