LOS ANGELES, July 17, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with Vietnam Airlines for two new Airbus A320-200neo aircraft.  The two new A320-200neos are scheduled to deliver to the airline in Fall 2020 from ALC’s order book with Airbus. 

“We are pleased to announce another important transaction with our long-time loyal customer, Vietnam Airlines, for two A320-200neo aircraft,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “ALC has played an instrumental role supporting Vietnam Airlines’ ongoing fleet expansion goals since 2010 and we are thrilled to continue to build upon our relationship with one of the fastest growing airlines in Asia.”

Vietnam Airlines currently has two A330-200s and six A321-200neos on lease from ALC, as well as six A321-200neos and eight Boeing 787-10 aircraft scheduled to deliver to the airline from ALC’s order book 2019-2021. 

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 Vietnam Airlines

Vietnam Airlines is the flag carrier of Vietnam. Founded in 1956 under the name Vietnam Civil Aviation, the airline was established as a state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Bien District, Hanoi, with hubs at Noi Bai International Airport and Tan Son Nhat International Airport.