Air Lease Corporation Announces Lease Placement of Three New Boeing 787-9 Aircraft with Air Premia
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.
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 Air Premia
Air Premia is South Korea's newly-established hybrid air carrier focused on direct trips from Seoul to Los Angeles and San Jose.
The innovative airline offers customers upscale services at a reasonable price. With an exclusively Boeing 787-9 Dreamliner fleet,
Air Premia customers will be able to enjoy the most advanced in-flight experience. For more information, please visit
www.airpremia.com.
Investors:
Mary Liz DePalma
Assistant Vice President, Investor Relations
Email: investors@airleasecorp.com
Jason Arnold
Assistant Vice President, Finance
Email: investors@airleasecorp.com
Media:
Laura Woeste
Manager, Media and Investor Relations
Email: press@airleasecorp.com
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