LOS ANGELES, July 17, 2019 – Today Air Lease Corporation (NYSE: AL; “ALC”) announced long-term lease agreements with Vietnam Airlines for two new Airbus A320-200neo aircraft. The two new A320-200neos are scheduled to deliver to the airline in Fall 2020 from ALC’s order book with Airbus.

“We are pleased to announce another important transaction with our long-time loyal customer, Vietnam Airlines, for two A320-200neo aircraft,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC has played an instrumental role supporting Vietnam Airlines’ ongoing fleet expansion goals since 2010 and we are thrilled to continue to build upon our relationship with one of the fastest growing airlines in Asia.”

Vietnam Airlines currently has two A330-200s and six A321-200neos on lease from ALC, as well as six A321-200neos and eight Boeing 787-10 aircraft scheduled to deliver to the airline from ALC’s order book 2019-2021.