Air Lease Corporation Announces Lease Placement of One New Boeing 737 MAX 9 Aircraft with Aeromexico

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Air Lease Corporation

AL, -2.89%

(“ALC”) announced today the lease
placement of one new Boeing 737 MAX 9 aircraft on long-term lease with
Aeromexico. Scheduled for delivery in fall 2019, the aircraft will
feature LEAP-1B28 engines and deliver from ALC’s order book with Boeing.
This 737 MAX 9 will join two Boeing 737-800s and three Boeing 787-9s
currently on lease to Aeromexico, as well as a fourth 787-9 Dreamliner
aircraft scheduled to deliver to the airline in spring 2019.

“ALC is pleased to announce this new Boeing 737 MAX 9 lease placement
with long-time customer Aeromexico,” said Steven F. Udvar-Hàzy,
Executive Chairman of Air Lease Corporation. “This 737 MAX 9 aircraft
will significantly enhance the airline’s fleet operations and passenger
experience as part of Aeromexico’s fleet modernization program.”

Andres Conesa, Chief Executive Officer of Aeromexico, said, “Aeromexico
has a long-standing relationship with ALC and we are delighted to add
this new 737 MAX 9 aircraft to our fleet to further strengthen our
international operations and growing route network.”

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, -2.89%

ALC is a leading aircraft leasing company based in Los Angeles,
Californiathat has airline customers throughout the world. ALC and its
team of dedicated and experienced professionalsare principally engaged
in purchasing commercial aircraft and leasing them toits airline
customers worldwide through customized aircraft leasing and financing
solutions. For more information, visitALC’s website at www.airleasecorp.com.

About Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries
are engaged in commercial aviation in Mexico and the promotion of
passenger loyalty programs. Aeromexico, Mexico’s global airline,
operates more than 600 daily flights and its main hub is in Terminal 2
at the Mexico City International Airport. Its destinations network
features 89 cities on three continents; including 43 destinations in
Mexico, 18 in the United States, 18 in Latin America, four in Europe,
three in Canada and three in Asia.

The Group’s operating fleet of 133 aircraft is comprised of Boeing 787
and 737 jet airliners and next generation Embraer 170 and 190 models. In
2012, the airline announced the most significant investment strategy in
aviation history in Mexico, to purchase 100 Boeing aircraft including 90
MAX B737 jet airliners and 10 B787-9 Dreamliners.

As a founding member of the SkyTeam airline alliance, Aeromexico offers
customers more than 1,000 destinations in 177 countries served by the 20
SkyTeam airline partners rewarding passengers with benefits including
access to 672 premium airport lounges around the world. Aeromexico also
offers travel on its codeshare partner flights with Delta Air Lines,
Avianca, Copa Airlines, EL AL, GOL Linhas Aéreas, Jet Airways and
WestJet, with extensive connectivity in countries like the United
States, Brazil, Canada, Central America, Colombia, India, Israel or
Peru. www.aeromexico.comwww.skyteam.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005833/en/

SOURCE: Air Lease Corporation

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

Copyright Business Wire 2018

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