Skip to content

Manufacturers

ALC boosts portfolio with Airbus widebody & single-aisle aircraft

Paul Sadler Manufacturers

SOURCE: AirbusLeading lessor signs for one A350-900 & four A320 Family aircraft June 15, 2015 — Today at the 51st International Paris Air Show, Air Lease Corporation (NYSE: AL), the Los Angeles based aircraft leasing company, announced a firm order for additional Airbus widebody and single-aisle aircraft (1 A350-900, 1 A321ceo and 3 A320ceo*) to meet strong market demand for Airbus’ modern, fuel-efficient aircraft. Including today’s announcement, ALC’s fast growing portfolio of Airbus aircraft stands at a total of 262, of which 66 are widebodies (15 A330ceo, 25 A330neo, 21 A350-900, 5 A350-1000) and 196 are single-aisles (30 A320ceo, 31 A320neo, 26 A321ceo, 109 A321neo).“In a market that is continually growing and developing, ALC is fully focussed on offering its customers the most modern, technologically advanced and economically efficient aircraft, which certainly includes the A320 Family and A350 XWB,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “We take great pride in our close cooperation with Airbus over the past years, which has led to the successful launch of the A330neo and A321LR. We are confident that these innovative aircraft will maximize operating efficiencies for airlines around the globe, thanks to their reliability, compelling economics and exceptional cabin comfort.”“It’s great to see leading lessor, ALC, come back with an order for additional Airbus widebody and single-aisle aircraft to meet the needs of their customers who are demanding products that deliver both unbeatable economics and the highest standard of passenger comfort in all classes,” said John Leahy, Airbus Chief Operating Officer, Customers. “We go beyond just listening to our customers in our quest for innovation and seek active collaboration with them in order to deliver value. This is demonstrated with our latest, fuel efficient widebody and single-aisle models, the A330neo and A321LR, launched in close cooperation with ALC.”The A350 XWB is Airbus’ all-new mid-size long range aircraft family and the latest member of the manufacturer’s leading widebody family. The A350 XWB is the world’s most modern and efficient aircraft in its size category and is setting new standards in terms of flight experience for passengers, operational efficiency and cost-effectiveness for airlines. The A320 Family is the world’s best-selling single aisle product line with more than 11,700 orders to date and more than 6,500 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. Photos and video of our commercial announcements at the Paris Air Show will be available for media to download from the Airbus broadcast room on www.airbus.com/presscentre/Contacts for the media:Marcella Muratore +33 679281854 *Note to editors:Includes 1 A320ceo for ALC already listed in the Airbus Orders & Deliveries table in December 2014

ALC firms up order for 55 Airbus aircraft: Signals strong demand for Airbus’ latest A330neo and A321LR models

Paul Sadler Manufacturers

SOURCE: SOURCE: Airbus; March 9, 2015
Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has firmed up its order for 55 Airbus aircraft, comprising 25 A330-900neo and 30 A321LR - the very latest members of Airbus’ modern, fuel-efficient aircraft family.ALC was first to sign up for the newest member of Airbus’ market leading widebody family, the A330neo, announcing a commitment for 25 A330-900neo during the launch at the 2014 Farnborough International Airshow. ALC was also the first to commit to the A321LR, the newest variant of the A321neo, after signing a Memorandum of Understanding for 30 at the launch in January 2015, increasing its commitment made for 60 A321neo at the 2014 Farnborough Airshow to 90 firm A321neo aircraft.“We are proud to be adding these newest generation Airbus aircraft to our portfolio and to have played a part in launching these latest generation, efficient aircraft,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “We see significant market appetite for Airbus’ A321LR and A330neo models, offering operators exactly what they want - even more range, even better economics and superior level of passenger comfort.”“ALC is always ahead of the game and we are very happy to have them on board from the start with our latest A321LR and A330neo models,” said John Leahy, Airbus Chief Operating Officer, Customers. “We listen very carefully to our customers and are clearly seeing that our strategy to constantly improve our products through incremental innovations means we are able to not only meet but exceed their highest expectations.”Including today’s announcement, ALC’s total firm orders for Airbus aircraft stands at 258, comprising 53 A320ceo Family, 140 A320neo Family, 15 A330 Family, 25 A350 XWB Family and 25 A330neo Family.The A321LR, the latest member of the market leading A320neo Family, will be able to fly longer routes of up to 4,000 nm. The A321LR will provide additional flexibility as it will have the longest range of any single aisle airliner, making it ideally suited to transatlantic routes and enable airlines to tap into new long haul markets which were not previously accessible with current single aisle aircraft. With 206 passengers in a comfortable two-class layout, the A321LR offers the possibility for each passenger to carry up to three bags. First deliveries will start in 2019.The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.***Airbus Media Contacts:Marcella Muratore +33 6 79 28 18 54 Maryanne Greczyn +1 703-834-3458

Air Lease Corporation orders 7 additional ATR 72-600s

Paul Sadler Manufacturers

SOURCE: ATRJuly 15, 2014The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraftOn the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for airlines. Steven Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation, stated, "We are experiencing success placing our ATR 72-600s with operators expanding regional air connectivity and short segment routes all over the world. With its compelling operating costs and modern cabin interior designs, we believe demand for this aircraft will continue to increase.” Patrick de Castelbajac, Chief Executive Office of ATR, said: “Today’s deal further underlines the appeal of the newest ATR ‘-600s’ for the leasing firm community.” He added: “We are honored that such a successful company as Air Lease and the main trend-setter of the aviation industry, Mr. Udvar-Házy, are renewing their confidence in ATR as the most efficient aircraft in regional aviation”. About the ATR 72-600:Passenger capacity: 68 to 74 seatsEngines: Pratt & Whitney 127MMaximum take-off power: 2,750 horsepower per engineMaximum take-off weight: 23,000 kgMaximum load: 7,500 kgMaximum flight range when fully loaded: 900 nautical miles (1,665 km) 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.

Air Lease Corporation orders CFM LEAP-1A to power A320neos

Paul Sadler Manufacturers

SOURCE: CFM InternationalJuly 15, 2014Order valued at $520 million U.S.Has orders for both LEAP-1A and LEAP-1B variantsFARNBOROUGH, England —15 July 2014 — Air Lease Corporation (NYSE: AL) today announced that it has selected CFM International’s advanced LEAP-1A engine to power 20 Airbus A320neo family aircraft. CFM values the order at $520 million U.S. at list price. The aircraft were originally announced in June 2012.“We think the LEAP-1A-powered A320neo aircraft will be an important part of our portfolio going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The engine has racked up an impressive number of orders and we believe that the technology will produce both fuel and environmental improvements.”Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions. The LEAP-1B engines will also power the ALC’s 104 new Boeing 737 MAX aircraft, which begin delivering early 2018.“We believe these engines will prove to be real assets for ALC and its lessees.” said Jean-Paul Ebanga, president and CEO of CFM International Jean-Paul Ebanga. “The LEAP family is a more than worthy successor to the CFM56 engines and will become a critical part of airline fleets around the globe.”“We look forward to continuing to build a strong relationship with ALC and are excited to bring all the benefit of LEAP technology to their customers,” said Chaker Chahrour, vice president and general manager of Global Sales & Marketing for CFM parent company GE Aviation.The foundation of the LEAP engine is heavily rooted in advanced aerodynamics, environmental, and materials technology development programs. This revolutionary engine will provide up to a 15 percent improvement in fuel consumption and CO2 emissions compared to today’s best CFM engine, along with a dramatic reduction in engine noise. All this technology brings with it CFM’s legendary reliability and low maintenance costs.The first full LEAP-1A engine began ground testing in September 2013, two days ahead of schedule, launching the most extensive ground and flight test certification program in CFM's history. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus, Boeing, and COMAC.Over the next three years, these engines will accumulate approximately 40,000 engine cycles leading up to entry into service. By the time this engine enters services, CFM will have simulated more than 15 years of airline service with 60 different engine builds.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 CFM InternationalCFM International, a 50/50 joint company between Snecma (Safran) and GE, is the world's leading supplier of commercial aircraft engines, has delivered more than 26,500 CFM56 engines to date. The LEAP engine has experienced the fastest order ramp up in commercial aviation history, with 6,770 orders on the books as of June 30, 2014. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.# # # For more information, contact:Jamie [email protected]: 513.885.2282

Air Lease Corporation places $520 million order for CFM LEAP-1B engines

Paul Sadler Manufacturers

SOURCE: CFM InternationalJuly 15, 2014Takes total LEAP-1B orders to 208 enginesFARNBOROUGH, England – 15 July 2014 — Air Lease Corporation (NYSE: AL) today announced an order for a total of 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as engines for 10 additional MAX 8 aircraft that were part of a previously unidentified order. CFM values the total order at $520 million U.S. at list price.“We believe the LEAP-1B-powered Boeing 737 MAX 8 aircraft will be a key part of our fleet going forward,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “These advanced technology engines deliver higher efficiency and reliability, which is paramount to the operational stability and success of our airline customers.”Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions.The LEAP-1B, which is the sole powerplant for the Boeing 737 MAX, began ground testing in June 2014 three days ahead of schedule. The engine is part of the most extensive ground and flight test certification program in the company’s history and will encompass 60 engine builds over the next three years and will accumulate approximately 40,000 cycles before entry into service.“We have every confidence that the LEAP engine will quickly become a valued asset in the Air Lease portfolio,” said Jean-Paul Ebanga, president and CEO of CFM International Jean-Paul Ebanga. “As we continue to test these engines, our confidence in the technology choices we have made continues to grow as does our assurance that the LEAP product family will continue to be the engine of choice for single-aisle aircraft."““We are very pleased that Air Lease continues to place its trust in CFM engines," said Chaker Chahrour, vice president and general manager of Global Sales & Marketing for CFM parent company GE Aviation. "Reliability and operating economics are more important for airlines than ever. This vote of confidence from ALC signifies that they believe the LEAP-1B will deliver on both of those metrics."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 CFM InternationalLEAP engines are a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE. CFM is the world's leading supplier of commercial aircraft engines and has delivered more than 26,500 CFM56 engines to date. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.# # # For more information, contact:Jamie [email protected]: 513.885.2282

Boeing, Air Lease Corporation Announce 777-300ER, 737 MAX 8 Order

Paul Sadler Manufacturers

SOURCE: BoeingJuly 15, 2014ALC has more than 100 737 MAXs on orderTotal 777s ordered by ALC leader tops 100FARNBOROUGH, United Kingdom, July 15, 2014 /PRNewswire/ -- Boeing (NYSE: BA) and Air Lease Corporation (NYSE: AL) announced today an order for 26 airplanes -- six 777-300ER (Extended Range) and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices.This 737 MAX order for 20 airplanes, valued at more than $2 billion at current list prices, brings Air Lease Corporation's combined orders for the 737 MAX to 104 airplanes. The 777-300ER order, valued at more than $1.9 billion at current list prices, marks the 100th 777 order from ALC Chairman and CEO Steven Udvar-Hazy during his career in the industry."Additional 777-300ER and 737 MAX airplanes in our portfolio provide the economics and passenger-pleasing experiences our airline customers require," said Hazy. "The 777 has maintained a broad customer base and will continue to do so well into the future. The 737 MAX represents game changing efficiencies and improvements for the environment in the single-aisle market.""We are honored to work with ALC and their excellent record of placing new 777s and 737 MAX airplanes with leading airlines around the world," said Boeing Commercial Airplanes president and CEO Ray Conner. "The efficiency, reliability and cabin amenities of Boeing products enable ALC to provide the right products to compete now and in the future."The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 provides customers with more flexibility and cost efficiency than the competition in the heart of the single-aisle market. Airlines operating the 737 MAX will see an 8 percent operating cost per seat advantage over tomorrow's competition. The 737 MAX has surpassed 2,000 orders from 42 customers, the fastest selling airplane in history.The 777 is the world's most successful twin-engine, long-haul airplane. The 777-300ER is equipped with the world's most powerful GE90-115B commercial jet engine, and can seat up to 386 passengers in a three-class configuration with a maximum range of 7,825 nautical miles (14,490 kilometers).Contact:Karen CrabtreeLeasing Sales CommunicationsBoeing Commercial Airplanes+1 [email protected] and caption are available here: http://boeing.mediaroom.comAccess Investor Kit for The Boeing Co.Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US0970231058

Air Lease Corporation signs for 25 A330neo and 60 A321neo

Paul Sadler Manufacturers

SOURCE: AirbusJuly 14, 2014Leading lessor announces first commitment for A330neo Air Lease Corporation (ALC), the Los Angeles based aircraft leasing company, has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contract was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.“The recently launched A330neo is a well-suited addition to ALC’s fleet as we continue to provide our customers with the most modern, fuel efficient aircraft on the market,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer. “The A330neo, like the A320neo Family, will have success in the medium range segment due to its combination of high reliability, exceptional comfort and low operating costs. We see a significant market opportunity for the A330neo and we’re pleased that the first order bears ALC’s name. The A321neo credentials, such as its lower fuel-burn, high reliability and wider, more comfortable cabin, also fit well in our product portfolio of innovative, profitable aircraft.”“When a leading lessor, ALC, is the first to sign up for a new aircraft, it’s a loud and clear signal that you’ve got it right. This significant order is a strong endorsement of both our A330neo and A320neo, confirming they fully meet the needs of the world’s most demanding airlines,” said Fabrice Brégier, Airbus President and CEO. “The continuing success of the A320neo, paves the way for the A330neo and proves that our incremental innovation strategy to deliver reliable, innovative and efficient products at the right time, is what the market wants.”Including today’s order, ALC’s total orders and commitments for Airbus aircraft reaches 225, of which 200 are firm orders (50 A320ceo Family, 110 A320neo Family, 15 A330 Family, 25 A350 XWB Family) plus the MoU for 25 A330neo’s. ALC will announce engine selections for the 60 A321neo aircraft at a later date.The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of around 300 nautical miles and of course all the operational commonality advantages of the Airbus Family.The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.Photos and video of our commercial announcements at Farnborough will be available for media to download from the Airbus broadcast room on www.airbus.com/presscentre/* * *Contacts for the media:Marcella Muratore +33 679281854

Air Lease Corporation Selects GEnx Engines for Boeing 787 Dreamliner Fleet

Paul Sadler Manufacturers

SOURCE: GE AviationJuly 14, 2014EVENDALE, OH -- Air Lease Corporation (NYSE: AL) selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft. The list price for the engine order is valued at more than $1.4 billion (USD)."We are pleased to offer these GEnx-1B-powered 787 Dreamliner aircraft to our customers. This engine has demonstrated excellent operational performance and environmental efficiency and will help deliver real advantages to airline operators," said John Poerschke, Senior Vice President of Air Lease Corporation."GE Aviation is proud Air Lease Corporation has selected the GEnx engines as an offering for its Boeing 787 Dreamliner fleet," said Chaker Chahrour, vice president and general manager, Global Sales & Marketing, GE Aviation. "The GEnx engines have proven to be very fuel efficient engines on the Boeing 787 Dreamliners, and ALC operators will benefit from the engine's performance advantages."The GEnx engine family is the fastest-selling engine in GE Aviation history with more than 1,500 engines on order. Compared to GE's CF6 engine, the GEnx engine offers up to 15 percent better fuel consumption, which translates to 15 percent less CO2. The GEnx's innovative twin-annular pre-swirl (TAPS) combustor dramatically reduces NOx gases as much as 55 percent below today's regulatory limits and other regulated gases as much as 90 percent. Based on the ratio of decibels to pounds of thrust, the GEnx is the quietest engine GE produces due to the large, more efficient fan blades that operate at a slower tip speed, resulting in about 40 percent lower noise levels.Revenue-sharing participants on the GEnx are IHI Corporation of Japan, GKN Aerospace Engine Systems of Sweden, MTU of Germany, TechSpace Aero of Belgium, Snecma (SAFRAN Group) of France and Samsung Techwin of Korea.The GEnx engine is part of GE's "ecomagination" product portfolio—GE's commitment to implementing innovative, cost-effective technologies that enhance the customers' environmental and operating performance.About Air Lease Corporation (NYSE: AL)Air Lease Corporation (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.GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboprop and turboshaft engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.

Air Lease Corporation Selects Pratt & Whitney PurePower® Engines for Airbus A320/A321 neo Aircraft

Paul Sadler Manufacturers

SOURCE: Pratt & WhitneyPARIS, June 19, 2013 – Air Lease Corporation (NYSE:AL) has signed a Memorandum of Understanding for Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320/A321 neo aircraft. Deliveries are scheduled to start in 2016. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).“We are pleased to add these Pratt & Whitney PurePower PW1100G-JM-powered Airbus A320/A321 neo aircraft to our portfolio to help airlines continue to grow their fleets with the latest technology and fuel efficient aircraft,” said John Poerschke, Senior Vice President of Air Lease Corporation.“Pratt & Whitney is excited to continue its relationship with Air Lease Corporation with this order PurePower PW1100G-JM engine order,” said Todd Kallman, Pratt & Whitney Commercial Engines president. "Thanks to our Geared Turbofan™ technology, we are confident these engines will serve ALC's customers well with increased operational efficiencies compared to today's engines."These 30 Air Lease Corporation Airbus A320/A321 neo aircraft will be powered by two PurePower engines. Pratt & Whitney has announced more than 3,500 orders, including announced and unannounced firm orders, plus options. The PurePower family of engines uses an advanced gear system allowing the engine’s fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core deliver the improvements in fuel efficiency, environmental emissions and noise.The PurePower engine uses an advanced gear system allowing the engine’s fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core delivers the fuel efficiency and environmental benefits. 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.Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units and small turbojet propulsion products. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. To learn more about UTC, visit the website or follow the company on Twitter: @UTC.This release includes “forward looking statements” concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.For more information on the Pratt & Whitney PurePower engine, visit: www.purepowerengines.comTwitter: http://twitter.com/purepowerengineFacebook: http://www.facebook.com/purepowerengineYouTube: http://www.youtube.com/purepowerengineSara Banda Pratt & Whitney [email protected]'l Cell +1-860-202-8644 Air Lease Corporation Contacts:Ryan [email protected] St. [email protected]

Rolls-Royce to Power New Air Lease Corporation Dreamliners

Paul Sadler Manufacturers

SOURCE: Rolls-RoyceLE BOURGET, France, June 18, 2013 -- Rolls-Royce has won an order from Air Lease Corporation (NYSE: AL), worth $160 million at list prices, for Trent 1000 engines to power four Boeing 787-9 Dreamliner aircraft.The order marks the first Trent 1000 selection by the US aircraft leasing company.Steven Udvar-Hazy, Chairman and Chief Executive Officer, Air Lease Corporation, said: "This is ALC's first selection of Trent 1000 technology, which will power our 787-9 aircraft. We look forward to receiving these engines, which are demonstrating excellent operational performance and environmental efficiency and will help deliver real advantages to our customers."Eric Schulz, Rolls-Royce, President – Civil Large Engines, said: "We are delighted that Air Lease Corporation has become a significant new customer for our Trent 1000 engine technology. The engine is the quietest and most efficient engine on the Dreamliner and has delivered a smooth 787 entry into service for customers on three continents."The Trent 1000 was the first engine to power the 787 Dreamliner into service in October 2011 and has achieved more than 99.9 per cent engine dispatch reliability. It is also the launch engine for the Boeing 787-9 and has been selected to power Singapore Airlines 787-10X aircraft, subject to Boeing confirmation of the programme.Notes to Editors:1. 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 www.airleasecorp.com. ALC has previously selected Trent 700 and Trent XWB engines.2. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy. 2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.3. Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 31 December 2012, providing visibility of future levels of activity.4. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers. 5. In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions. 6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.For further information, please contact:Bill O’SullivanCivil Aerospace CommunicationsRolls-Royce plcTel 44 1332 246162Email [email protected] Lease Corporation Contacts:Investors:Ryan McKennaDirector, Strategic Planning and Investor RelationsEmail: [email protected]:Laura St. JohnMedia and Investor Relations CoordinatorEmail: [email protected]

Boeing and Air Lease Corporation Announce Commitment for 30 787-10Xs

Paul Sadler Manufacturers

Leasing company also commits to three additional 787-9sSOURCE: BoeingLE BOURGET, France, June 18, 2013 /PRNewswire/ -- Boeing (NYSE: BA) announced today at the Paris Air Show a memorandum of understanding with Air Lease Corporation (ALC) to purchase 33 airplanes. The Los Angeles-based leasing company has committed to order three 787-9 and 30 787-10X Dreamliners.Boeing looks forward to working with ALC to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order."We are thrilled to announce our commitment for 787-10Xs and additional 787-9s," said ALC Chairman and CEO Steven F. Udvar-Hazy. "Both of these airplanes possess the characteristics our airline customers desire by providing the ideal size, capabilities and economical operating costs for their medium to long-haul markets. We believe the performance characteristics of the 787-10X will build on the 787 family's success in the marketplace."ALC expects to begin taking 787-10X deliveries in 2019.The 787-10X would be the third version of the popular 787 family, with a range of up to 7,000 nautical miles (12,964 km) and seating for 300-330 passengers, depending on an airline's configuration choices. The second member of the family, the 787-9, is in final assembly in Everett, Wash., and set to make its first flight later this year."ALC has taken a disciplined approach to building a portfolio that offers its airline customers the most fuel-efficient and desirable airplanes on the market today and in the years to come," said Boeing Commercial Airplanes President and CEO Ray Conner. "The ALC leadership team has an excellent record of placing Boeing airplanes with airlines worldwide. They are an ideal partner to help establish the 787-10X in the leasing market."Once the order is finalized, these 787-10Xs and 787-9s will add to the more than 180 airplanes that ALC already has on order including Next-Generation 737-800s, 737 MAX 8s and 9s, 777-300ERs and 787-9s. It also will mark more than 1,000 Boeing airplanes that Mr. Udvar-Hazy and his management team have ordered over the past 35 years.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.This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.Contact:Tim BaderNorth America and Leasing CommunicationsBoeing Commercial Airplanes+1 [email protected] Lease Corporation Contacts:Investors:Ryan McKennaDirector, Strategic Planning and Investor RelationsEmail: [email protected]:Laura St. JohnMedia and Investor Relations CoordinatorEmail: [email protected]