Air Lease Corporation Announces Delivery of Boeing 737-8 MAX Aircraft with S7 Airlines

Today Air Lease Corporation (NYSE: AL; “ALC”) announced the delivery of one new Boeing 737-8 MAX aircraft on lease to S7 Airlines, operated by Globus Airlines (Russia). Powered by LEAP-1B27 engines, this Boeing 737-8 MAX aircraft is the first of nine B737-8 MAX aircraft set to deliver to Globus from ALC’s order book with Boeing.

”ALC is delighted to be a part of introducing the first Boeing 737 MAX aircraft in Russia with this delivery to our longtime customer, S7 Airlines,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “With this new Boeing 737 MAX aircraft, the airline continues to establish its position as a highly competitive Russian airline operating the most modern and fuel-efficient fleet.”

“We always stay up-to-date with the latest developments of manufacturers and actively implement them to improve our service. The airline’s fleet already includes 19 Boeing 737 Next Generation aircraft. The new Boeing 737 MAX that we received today from our partners at Air Lease Corporation offers even more passenger comfort, reduced noise level and lower environmental impact. We are delighted that our passengers will be the first in Russia to appreciate the benefits onboard these new generation airplanes,” said Vadim Klebanov, General Director of Globus Airlines.

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 Globus/S7 Airlines

S7 Group is the largest private aviation and space holding company in Russia comprised of air transportation, maintenance and space operations. Globus Airlines operates flights under the S7 Airlines brand. The airline’s route network covers cities across Russia, the Commonwealth of Independent States (CIS), and Europe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181015005190/en/

Air Lease CorporationInvestors:Mary Liz DePalmaAssistant Vice President, Investor RelationsEmail: [e-mail]:Laura WoesteManager, Media and Investor RelationsEmail: [e-mail]