Air Lease Corporation Announces Delivery of First of Five New Boeing 787-9 Aircraft with China Southern Airlines

LOS ANGELES, April 1, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 787-9 aircraft on long-term lease to China Southern Airlines today. Featuring GEnx-1B76A engines, this aircraft is the first of five 787-9 Dreamliner aircraft scheduled to deliver to China Southern Airlines through 2020 from ALC’s order book with Boeing.

“We are pleased to announce the first of five ALC Boeing 787-9s joined China Southern Airlines’ world-class fleet today,” said Jie Chen, Executive Vice President and Managing Director, Asia of Air Lease Corporation. “ALC’s team has worked closely with China Southern’s management team for over two decades to provide the airline new and efficient aircraft to expand operations, optimize their fleet and provide premier customer service. The Dreamliner is an excellent addition to the airline as China Southern continues to modernize its fleet with next generation, fuel-efficient aircraft.”