Air Lease Corporation Activity Update for the Fourth Quarter of 2018

Business Wire 8-Jan-2019 6:31 AM

Today Air Lease Corporation (NYSE:AL, "ALC")) announced an update on activity taking place in the fourth quarter of 2018:

As of December 31, 2018, ALC's fleet was comprised of 275 owned aircraft and 61 managed aircraft, with commitments to acquire a total of 372 new aircraft for delivery through 2024.

Order book Deliveries

• Delivered 12 new aircraft including 3 Boeing 737 MAX 8, 2 Boeing 787-9s, 4 Airbus A321neos, 2 Airbus A321ceos and 1 Airbus A330-900neo
• The majority of this quarter's order book deliveries occurred throughout the second half of the quarter

Sales

• Sold 2 aircraft to Thunderbolt Aircraft Lease Limited II
• Sold 1 aircraft to Blackbird Capital II, LLC
• Sold 2 aircraft to third party buyers

"Our business continues to perform well. As to the timing of deliveries and aircraft sales, one new aircraft delivery moved into the first quarter of 2019, as did a few of the aircraft sales to Thunderbolt II. We expect to complete the sale of the remaining six aircraft to Thunderbolt II in 2019," said Gregory B. Willis, Executive Vice President and Chief Financial Officer.

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.

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