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Air Lease Corporation Announces the Placement of Boeing 787-9 with Neos

LOS ANGELES--(BUSINESS WIRE)--

Air Lease Corporation (NYSE: AL; “ALC”) announced a long-term lease agreement for one new Boeing 787-9 aircraft on lease to Neos (Italy). The aircraft will deliver in Q4 2019 from ALC’s order book with Boeing.

“Air Lease is very pleased to be delivering one of our new Boeing 787-9 Dreamliners to Neos in Italy later next year. This is part of Neos’ fleet upgrade from Boeing 767s to the latest technology B787s, which will allow Neos to serve their Intercontinental destinations in the Americas, Asia and Africa more efficiently, with the most economical twin-aisle aircraft. We have a long relationship with the owners and management of Neos and we will be working together to grow the airline,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

“We are honored to be doing business with our friends at ALC again and look forward to the delivery next year of this new Boeing 787-9 on long-term lease arrangement with Air Lease,” said Carlo Stradiotti, Managing Director of Neos.

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 Neos

Established in 2001, Neos is an Italian leisure airline with its headquarters in Somma Lombardo and main base at Milan-Malpensa Airport. Neos operates an all-Boeing fleet with flights to destinations in southern Europe, Russia, Africa, Asia, the Caribbean, Mexico and Brazil. Neos became the first Italian operator of the Boeing 787 when its first 787-9 entered service in December 2017.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180910005344/en/