Air Lease Corporation Announces Lease Placement of Two New Airbus A330-900neo Aircraft with Delta Air Lines

LOS ANGELES, October 21, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced long-term lease agreements with Delta Air Lines for two new Airbus A330-900neo aircraft.  The first aircraft is scheduled to deliver to the airline in Fall 2020 and the second aircraft will deliver in early 2021 from ALC’s order book with Airbus.

“ALC is pleased to announce this significant lease placement with Delta Air Lines for two new A330-900neos and add this world-renowned airline to our current customer list,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.  John L. Plueger, Chief Executive Officer and President of Air Lease Corporation added, “As Delta and ALC are co-launch customers on the A330-900, we are proud to support Delta’s expanding requirement for these aircraft.”

“We are excited to work with our friends at Delta as the airline invests in additional A330-900neo aircraft to continue to deliver an excellent premium experience to customers as a leading global airline,” said David Beker, Vice President and Head of Aircraft Sales & Trading of Air Lease Corporation.

“These two incremental aircraft represent an opportunistic play to fulfill our near-term widebody aircraft needs for our customers and employees as older generation aircraft are retired and to support measured growth in 2021,” said Greg May, Delta’s Senior Vice President – Fleet and Technical Procurement.  “We’re also pleased that the engines on these aircraft will be maintained by Delta TechOps professionals through our partnership with Rolls-Royce.”