LOS ANGELES, June 26, 2018 - Today Air Lease Corporation (NYSE: AL; “ALC”) announced that S7 Airlines received its first new Airbus A321-200neo aircraft. This aircraft is the first of four Pratt & Whitney PW1133G-powered A321neos to be delivered in 2018 to S7 from ALC’s order book with Airbus.

“The four new ALC A321neo aircraft bring a new level of operating efficiency and competitiveness to S7’s fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “S7 is a highly regarded customer for ALC and this lease placement underlines our commitment to S7’s modernization and continued successful growth as a leading airline.”

“We are glad to receive the first Airbus A321neo from our partners Air Lease Corporation. S7 Airlines continues to renew its air fleet with the latest developments of the world’s major producers. New Airbus A321neo aircraft will enable us to increase capacity of long distance flights within Russia as well as offer our passengers new international routes. We are pleased that S7 Airlines’ passengers will be the first ones to enjoy the comfort traveling on board of these modern aircrafts,” Vladimir Obyedkov, CEO of S7 Airlines, said.