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Air Lease Corporation Announces Delivery of Airbus A321-200neo Aircraft with S7 Airlines

LOS ANGELES, June 26, 2018 (GLOBE NEWSWIRE) -- Today Air Lease Corporation (AL) (“ALC”) announced that S7 Airlines received its first new Airbus A321-200neo aircraft. This aircraft is the first of four Pratt & Whitney PW1133G-powered A321neos to be delivered in 2018 to S7 from ALC’s order book with Airbus.  

“The four new ALC A321neo aircraft bring a new level of operating efficiency and competitiveness to S7’s fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.  “S7 is a highly regarded customer for ALC and this lease placement underlines our commitment to S7’s modernization and continued successful growth as a leading airline.”

“We are glad to receive the first Airbus A321neo from our partners Air Lease Corporation. S7 Airlines continues to renew its air fleet with the latest developments of the world’s major producers. New Airbus A321neo aircraft will enable us to increase capacity of long distance flights within Russia as well as offer our passengers new international routes. We are pleased that S7 Airlines’ passengers will be the first ones to enjoy the comfort traveling on board of these modern aircrafts,” Vladimir Obyedkov, CEO of S7 Airlines, said.

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 S7 Airlines

(“Siberia” airlines brand, s7.ru) is a member of the oneworld® global aviation alliance. The airline has a wide internal route network, created on the basis of air transport hubs in Moscow (Domodedovo) and Novosibirsk (Tolmachevo). S7 Airlines also performs regular flights to countries of the Commonwealth of Independent States (CIS), Europe, the Near East, Southeast Asia and countries of the Asia-Pacific region.

S7 Airlines is one of the most reliable airlines of Russia, it implements latest achievements of the world's industry in passenger services and develops its own services dynamically. Today S7 Airlines has the newest and one of the most modern aircraft fleets on the Russian air transportation market. All flights of the airline are performed by the aircraft of the world’s leading manufacturers.

S7 Airlines is in top 100 of the best airlines of the world and ranks third in the Eastern Europe, as indicated by the authoritative international rating Skytrax.

The airline is a member of the S7 Group of companies. In 2017 Group member airlines carried more than 14.2 million passengers.

Investors:

Mary Liz DePalma
Assistant Vice President, Investor Relations
Email: mdepalma@airleasecorp.com

Media:

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