Air Lease Corporation Announces Delivery of First of Ten New Boeing 737-8 Aircraft to Blue Air

LOS ANGELES, California, March 30, 2021 – Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-8 aircraft on long-term lease to Blue Air (Romania).  This aircraft, featuring CFM LEAP-1B25 engines, is the first of ten new Boeing 737-8s confirmed to deliver to Blue Air from ALC’s order book with Boeing.  The nine new 737-8 aircraft that follow are scheduled to deliver to Blue Air April 2021 through 2022.

“ALC is pleased to deliver this first of ten new 737-8 aircraft to Blue Air, Romania’s largest airline, today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “Once all of the ALC 737-8s are delivered, Blue Air will have the largest fleet of new 737-8s in Eastern Europe.  The 737-8 will provide the most modern, fuel-efficient technology to advance the airline’s overall growth and route expansion objectives.”

“Today marks a new milestone in Blue Air’s journey.  The delivery of this first of ten Boeing 737-8s comes in line with our airline’s commitment to provide European customers The Better Way to Fly.  As we increasingly acknowledge the responsibility of the airline industry for a greener future, Blue Air joins the airline community as an active player in delivering the lowest carbon emissions known to date by a narrow body passenger aircraft.  The accelerated replacement of our classic fleet is ensured by the long-lasting strategic partnership with Air Lease Corporation as Blue Air’s main lessor.  A special acknowledgment and thanks goes to the ALC team that made this delivery possible amid these challenging COVID times.  This and the next projected deliveries will ensure Blue Air’s resilience and will secure our company position as the main Romanian player in the passenger aviation market,” said Cristian Rada, Majority Shareholder of Blue Air.

In addition to the new Boeing 737-8 aircraft that delivered today, Blue Air currently has six Boeing 737-800s and one Boeing 737-700 on long-term lease with ALC.