Air Lease Corporation Announces Lease Placement of Two Airbus A320-200neo Aircraft with SAS

LOS ANGELES, June 20, 2018 (GLOBE NEWSWIRE) -- Air Lease Corporation (NYSE:AL) (“ALC”) announced long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft scheduled for delivery in November 2019 and April 2020.

“We are pleased to announce this new lease placement with SAS,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market.”

Marc Baer, Air Lease Corporation’s Executive Vice President added, “ALC expects these two Airbus A320-200neo aircraft additions will be key to SAS as the airline continues to enhance their fleet operations and provide their passengers with elevated comfort and excellent 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
Email: mdepalma@airleasecorp.com

Media:

Laura Woeste
Manager, Media and Investor Relations
Email: lwoeste@airleasecorp.com

© 2018 GlobeNewswire, Inc. All Rights Reserved.

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