Air Lease Corporation Announces Delivery of First of Four New Boeing 777-300ERs on Long Term Lease with EVA Air

Today Air Lease Corporation (NYSE: AL) announced the delivery of the first of four new B777-300ER widebody aircraft on long term lease with EVA Air (Taiwan). The additional three aircraft are scheduled for delivery in 2016 and 2017, and all four are from ALC’s order book with Boeing.

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The first take off of B777-300ER at ALC's aircraft delivery to EVA Air on November 11, 2015. (Photo: Business Wire)

“ALC is delighted to deliver this first of four new 777-300ERs to EVA Air, which also happens to be the fleet debut of the airline’s new aircraft livery,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation. “We look forward to a long and prosperous relationship with EVA as they continue to grow their long haul fleet network.”

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 EVA Airways Corporation (EVA Air)

EVA Air, a premier international airline based in Taiwan, was established in 1989 and has been a Star Alliance member since June 2013. EVA Air is a modern network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com.

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Air Lease CorporationInvestors:Ryan McKennaVice [e-mail]:Laura St. JohnManager, Media and Investor [e-mail]