Air Lease Corporation Announces Lease Placement of Three New Boeing 787-9 Aircraft with Air Premia

LOS ANGELES, April 9, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with Air Premia (South Korea) for three new Boeing 787-9 aircraft, all scheduled for delivery in 2020. The three Dreamliner aircraft are scheduled to deliver starting in Summer 2020 through Fall 2020 from ALC’s order book with Boeing.

“We are honored and excited to be providing Air Premia the first three new Boeing 787-9 Dreamliners on long-term lease from ALC,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “These new aircraft will offer advanced dimensions in comfort, service and affordability in the Korean marketplace, and will serve Air Premia’s route network efficiently with the latest technology long-range aircraft. ALC is proud of our business association with Air Premia and to contribute to the new airline’s success.”

“Air Premia has reached a critical milestone as a start-up airline as we prepare to launch our first commercial flight next year in South Korea. We are pleased to embark on this journey with ALC, a trustworthy partner with the market presence to fully support us to introduce our industry disruptive business model to the Northeast Asia market successfully,” said Dr. Jong Chul Kim, Chief Executive Officer of Air Premia.