LOS ANGELES, Feb. 28, 2017 (GLOBE NEWSWIRE) -- Today Air Lease Corporation (NYSE:AL) announced a long term lease
agreement with Aeromexico for one new Boeing 787-9 aircraft with General Electric engines. The aircraft is from ALC’s order book
with Boeing and is scheduled for delivery in June 2018.
"When ALC began in 2010, Aeromexico was our first customer in Latin America. This will be our second new
787-9 on lease to the airline, the first 787-9 delivered in November 2016. The aircraft will be flown primarily on flights
between Mexico and Europe and to Asia, replacing a 777-200 being returned to another lessor," said Steven F. Udvar-Hazy, Executive
Chairman of Air Lease Corporation.
"We are pleased to lease another new Boeing 787-9 from ALC in mid-2018, to further strengthen our growing
intercontinental route network,” said Dr. Andrés Conesa, Chief Executive Officer of Aeromexico.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections
about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be
updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in
forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange
Commission.
About Air Lease Corporation (NYSE:AL)
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers
throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in
purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and
financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
About Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in
Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily
flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80
cities on three continents, including 45 destinations in Mexico, 16 in the United States, 16 in Latin America, three in Europe, two
in Asia and two in Canada. The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners
and next generation Embraer 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in
aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9
Dreamliners.
Investors: Mary Liz DePalma Director of Investor Relations Email: mdepalma@airleasecorp.com Media: Laura St. John Manager, Media and Investor Relations Email: lstjohn@airleasecorp.com