SOURCE: Wizz Air

Budapest, May 20, 2015: Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today its first lease agreement with Air Lease Corporation (NYSE: AL) for one Airbus A320 to be delivered in July, planned to be the 63rd A320 aircraft in Wizz Air’s fleet. Terms of the agreement were not announced.

“We are excited to begin a new relationship with ALC due in part to the company’s outstanding reputation and portfolio, and also because its founder, Steven F. Udvar-Hazy, is originally from Budapest, the home city of our airline,” said József Váradi, Wizz Air CEO. “This makes our new agreement particularly meaningful to all of us at Wizz Air.”

Founded in 2004, Wizz Air has carried more than 90 million passengers and operates over 380 routes throughout Europe and the Middle East.

Udvar-Hazy was an early innovator in aircraft leasing and built International Lease Finance Corporation, now AerCap NV, into the largest aircraft lessor in the world. He formed Air Lease Corporation in 2010.

About Wizz Air

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 59 Airbus A320 aircraft and offers over 380 routes from 21 bases, connecting 112 destinations across 38 countries. At Wizz Air, a team of approximately 2,200 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 16.5 million passengers in the financial year ended 31 March 2015. Wizz Air is listed on the London Stock Exchange under the ticker: WIZZ

About Air Lease Corporation

Air Lease Corporation 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.

For more information:
Daniel de Carvalho; Wizz Air Group; +41-22-5559889