Air Lease Corporation (NYSE:AL) (“ALC”) announced today long-term lease agreements with Belavia-Belarusian Airlines for four new CFM LEAP-1B25-powered Boeing 737-8 MAX aircraft scheduled for delivery in 2019 and 2020. The first aircraft will deliver from ALC’s order book with Boeing in May 2019.

“ALC is pleased to announce this placement with Belavia at Farnborough International Airshow today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The advance technologies in the MAX 8 aircraft will provide a new level of efficiency and comfort to Belavia’s customers, and we look forward to continuing our successful relationship with the airline as it optimizes its fleet and expands its network.”

Alex Khatibi, Executive Vice President of Air Lease Corporation added, “The investment in new Boeing 737-8 MAX aircraft supports Belavia’s continued efforts to be forward-thinking and maintain a modern and versatile fleet to remain competitive in the market.”

“Belavia-Belarusian Airlines is systematically continuing to implement the strategy of the fleet renewal, thanks to cooperation with such reliable partners as ALC. The acquisition of four next-generation aircraft on a lease will contribute to the further development of the airline and, consequently, to the improvement of the quality of passenger service,” said Anatoly Gusarov, Director General of Belavia-Belarusian Airlines. “We hope that the delivery of the Boeing 737 MAX will allow our passengers to start travelling only with positive impressions and will make flights as comfortable as possible,” continued Anatoly Gusarov.