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Air Lease Corporation Announces Delivery of Boeing 787-9 Aircraft with LOT Polish Airlines

LOS ANGELES, June 27, 2018 (GLOBE NEWSWIRE) -- Air Lease Corporation (AL); (“ALC”) announced the delivery of one new Boeing 787-9 aircraft on lease to LOT Polish Airlines. This Boeing aircraft joins three B737-8 MAX aircraft currently on lease to LOT from ALC, with an additional three B737-8 MAX aircraft confirmed to deliver in 2018 and 2019 from ALC’s order book with Boeing.

“We are pleased to announce the delivery of this Boeing 787-9 aircraft to LOT today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “LOT is a pioneer in the European market and with this new 787-9 Dreamliner, the airline continues to demonstrate its highly competitive position with a modern and diverse fleet.”

“LOT is the first airline in Europe whose long-haul fleet consists only of Dreamliners. By the end of 2019, we will have 15 Dreamliners in our fleet,” said Rafał Milczarski, LOT’s CEO. “They are still considered to be the most state-of-the-art aircraft in the world, offering unparalleled travel experience in that class. I am convinced that the B787-9s will significantly increase the number of seats on the existing most popular routes. Boeing 787-9 will be perfect for our flagship flights to selected American and Asian destinations and will enable us to launch completely new routes as well. Investments in our fleet and fruitful cooperation with ALC enable us to grow and gain the leading position on the market in the Central and Eastern Europe,” added Rafał Milczarski.

In commemoration of the 100th anniversary of Poland’s renewed independence, this Boeing 787-9 Dreamliner will feature a special patriotic livery designed by LOT.

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 (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 LOT Polish Airlines

LOT Polish Airlines is a modern carrier that connects Central and Eastern Europe with the world. It provides nearly 7 million passengers a year with the shortest and most comfortable options to more than 100 destinations worldwide. As the only carrier in the region LOT offers direct long-haul flights from Warsaw to New York, Chicago, Los Angeles, Toronto, Beijing, Seoul, Tokyo, Singapore and from Budapest to New York and Chicago.  LOT flies one of the youngest fleets in Europe and as the only airline operates Boeing 787 Dreamliner, the world’s most advanced aircraft, on all long-haul connections. With 89 years of experience LOT is also one of the oldest airlines in the world and the most internationally recognized Polish brand.

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