Los Angeles, California, December 22, 2020 – Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Peach Aviation Limited (Japan).  This aircraft, featuring CFM International LEAP-1A engines, is the first of two new A320-200neo aircraft delivering this December from ALC’s order book with Airbus.  In addition to the two A320-200neos, Peach also has two new A321-200neo LRs delivering to the airline on lease from ALC in 2021 and 2022.

“We are pleased to announce this first of four Airbus aircraft delivery to Peach today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  “This most recent transaction by ALC in the Japanese market demonstrates our commitment to environmental sustainability with the most modern, fuel-efficient aircraft.  ALC is honored to contribute to Peach’s growing all-Airbus A320 fleet and we are confident that our A320-200neo and A321neo LR aircraft will greatly enhance the airline’s operations in its domestic and international market.”