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Air Lease Corporation Announces Lease Placement of Airbus A330-900neo with Hi Fly

LOS ANGELES, April 09, 2018 (GLOBE NEWSWIRE) -- Air Lease Corporation (AL) (“ALC”) announced a medium-term lease agreement with Hi Fly (Portugal) for one Rolls-Royce Trent 7000-powered Airbus A330-900neo aircraft. The aircraft is scheduled to deliver from ALC’s order book with Airbus in June 2019.   

“ALC is pleased to announce this A330-900neo lease placement with Hi Fly, a new customer for the ALC family,” said Marc Baer, Executive Vice President of Air Lease Corporation.  “The investment in additional A330-900neo aircraft is in line with Hi Fly’s interest to maintain a modern and versatile fleet to stay competitive in the market.”

The new Airbus A330-900neo offers the airline a 380-passenger aircraft that can fly 7,000 statute miles nonstop with economic and operational efficiency unmatched by current generation A330s.

Paulo Mirpuri, Hi Fly President and CEO, added, “We are delighted to start the renewal of our widebody fleet with the first brand new A330-900neo coming from ALC.  The A330neo is a perfect aircraft for Hi Fly, with its new technology, modern interior and the new super-efficient Rolls Royce Trent 7000 engines, responding very well to our business needs as well as to our environmental concerns.”

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 Hi Fly

Hi Fly is a European airline, headquartered in Lisbon Portugal, and the largest widebody aircraft wet leasing specialist operating an all Airbus fleet, mostly Airbus A330's, A340's and soon the A380.  Hi Fly has specialized for over a decade in worldwide aircraft leases and ACMI services on short, medium and long-term contracts mainly for airlines, governments, tour operators, companies and individuals. Hi Fly is EASA and IOSA certified and FAA approved, with AOC's in Portugal and Malta, and authorized to operate globally.

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