Air Lease Corporation Activity Update for the Second Quarter of 2018

Editor -

LOS ANGELES, California, July 10, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced an update on activity taking place in the second quarter of 2018:

As of June 30, 2018, ALC’s fleet was comprised of 271 owned aircraft and 49 managed aircraft, with commitments to acquire a total of 358 new aircraft for delivery through 2023.

ALC purchased 18 aircraft during the second quarter of 2018

  • 14 new aircraft delivered from ALC’s orderbook including 6 Boeing 737 MAX 8s, 3 Boeing 787-9s, 3 Airbus A321neos and 2 Airbus A350-900s
  • 4 incremental, young Airbus A321-200s which were leased to an existing ALC customer

Timing of orderbook deliveries and incremental aircraft purchases

  • Approximately half of the quarter’s orderbook deliveries and incremental purchases occurred in the last two weeks of June

Sales

  • No aircraft sales took place in the second quarter

Financing

  • Issued $500 million of 3.875% unsecured senior notes due 2023
  • Amended and extended 4-year unsecured revolving credit facility increasing total revolving commitments to $4.5 billion across 50 financial institutions