Air Lease Corporation Announces Delivery of Boeing 737 MAX 8 Aircraft with Travel Service

Globe Newswire 17-May-2018 6:31 PM

LOS ANGELES, May 17, 2018 (GLOBE NEWSWIRE) -- Air Lease Corporation (NYSE:AL) ("ALC") announced the delivery of one new Boeing 737 MAX 8 aircraft on lease to Travel Service (SmartWings).  This aircraft is the first of two 737 MAX 8 aircraft scheduled for delivery to Travel Service, with the next aircraft delivering in 2019.

"We are delighted to deliver a new 737 MAX to Travel Service today," said Alex Khatibi, Executive Vice President of Air Lease Corporation.  "Travel Service's high service standards coupled with their fleet upgrade to the MAX will bring their customer experience and network development to the next level."

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 Travel Service

Travel Service is headquartered in Prague, Czech Republic and is the biggest Czech airline company. Since its founding in 1997 it has experienced a huge expansion and beyond the Czech Republic, is currently serving markets in Slovakia, Hungary, Poland, France and Canary Islands. Travel Service operates regular flights under the SmartWings brand, charter flights and private business jets. Travel Service planes are flying to more than 400 airports on four continents.Travel Service is the majority shareholder of Czech Airlines (CSA).

Investors:

Mary Liz DePalma
Assistant Vice President, Investor Relations
Email: mdepalma@airleasecorp.com

Media:

Laura Woeste
Manager, Media and Investor Relations
Email: lwoeste@airleasecorp.com

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