Air Lease Corporation Announces Lease Placement of Two Airbus A320-200neo Aircraft with SAS

LOS ANGELES, June 20, 2018 - Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft scheduled for delivery in November 2019 and April 2020.

“We are pleased to announce this new lease placement with SAS,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market.”

Marc Baer, Air Lease Corporation’s Executive Vice President added, “ALC expects these two Airbus A320-200neo aircraft additions will be key to SAS as the airline continues to enhance their fleet operations and provide their passengers with elevated comfort and excellent service.”