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Air Lease Corporation Announces Lease Placement of Six Airbus A321-200 Aircraft with Air Transat

November 18, 2019

LOS ANGELES--(BUSINESS WIRE)--Nov 18, 2019--

Today Air Lease Corporation (“ALC”) (NYSE: AL) announced lease agreements with Air Transat for six Airbus A321-200 aircraft. The aircraft will deliver to the airline beginning this month through December 2019.

“ALC is very pleased to add Air Transat as a new airline customer, leasing six A321-200s to support their route network in Canada, across the Atlantic, and to the USA, Mexico and the Caribbean,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “We have a long history of working with our friends at Air Transat and this opportunity enhances our excellent relationship with the airline.”

“We are delighted to have been able to arrange the leasing of these A321 aircraft with Air Lease Corporation on such short notice,” said Jean-François Lemay, President of Air Transat. “They are replacing seasonal aircraft we were supposed to receive from Thomas Cook this winter as part of our seasonal aircraft-sharing agreement. We have known people at ALC for a long time and we are happy to work with this trusted partner, which is enabling us to have the type of aircraft we need to provide the best service to our leisure-travel customers.”

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. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

About Air Transat

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries in the Americas and Europe, offers domestic and connecting flights within Canada, and carries some five million passengers every year. Air Transat is a business unit of Transat A.T. Inc., a leading integrated international tourism company specializing in holiday travel and offering vacation packages, hotel stays and air travel. Transat was awarded Travelife certification in 2018 in recognition of its commitment to sustainable development. Based in Montreal, it has 5,000 employees.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005282/en/

CONTACT: Investors:

Mary Liz DePalma

Assistant Vice President, Investor Relations

Email:investors@airleasecorp.comJason Arnold

Assistant Vice President, Finance

Email:investors@airleasecorp.comMedia:

Laura Woeste

Manager, Media and Investor Relations

Email:press@airleasecorp.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA

INDUSTRY KEYWORD: AIR TRANSPORT AEROSPACE MANUFACTURING

SOURCE: Air Lease Corporation

Copyright Business Wire 2019.

PUB: 11/18/2019 06:33 AM/DISC: 11/18/2019 06:33 AM

http://www.businesswire.com/news/home/20191118005282/en