LOS ANGELES, California, May 28, 2013 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Etihad Airways based in Abu Dhabi, United Arab Emirates, for one new Airbus A321-200 aircraft with sharklets, scheduled for delivery in April 2015.
“We are delighted to have completed this transaction with Etihad Airways. This agreement demonstrates Etihad Airways’ and Air Lease Corporation’s continued commitment to modern and fuel efficient aircraft,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.
Kevin Knight, Chief Strategy and Planning Officer at Etihad Airways, said: “Our expansion plans are well on track, and with this tenth A321 we will be able to provide additional depth and capacity to our existing network. We are delighted to be working with Air Lease Corporation and expect to further build upon the strong ties that have already been established.” Etihad Airways estimates it will deploy the A321 aircraft on short to medium-haul routes to the Middle East and India.
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 an 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 partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
Assistant Vice President
Strategic Planning and Investor Relations
Laura St. John
Media and Investor Relations Coordinator