Air Lease Corporation Announces Delivery of First of 12 New Airbus A321-200neo Aircraft with Vietnam Airlines

Air Lease Corporation (ALLLZ) (NYSE: AL; “ALC”) announced today the delivery of one new Airbus A321-200neo aircraft featuring PW1130G engines on long-term lease to Vietnam Airlines. This aircraft is the first of 12 new A321-200neos scheduled to deliver to Vietnam Airlines through 2019 from ALC’s order book with Airbus.

“ALC is pleased to announce this first of 12 new Airbus A321-200neo aircraft delivery today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “This new delivery strengthens our long-standing relationship as Vietnam Airlines continues to excel as one of the fastest growing airlines in Asia with the most modern, fuel-efficient aircraft.”

“We are delighted to deliver the first of 12 new A321neo aircraft on long-term leases from ALC to Vietnam Airlines,” said Jie Chen, Executive Vice President and Managing Director, Asia of Air Lease Corporation. “Further A321neo deliveries to Vietnam will take place in the coming weeks.”

In addition to the 12 new Airbus A321-200neo aircraft, Vietnam Airlines is also confirmed to take delivery of eight Boeing 787-10s from ALC starting in the third quarter of 2019 through 2021. Vietnam Airlines currently has two A330-200s on lease from ALC, for a total of 22 aircraft on lease to the airline.