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Today Air Lease Corporation (“ALC”) (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Astana. Featuring Pratt & Whitney PW1133G engines, this aircraft is the first of seven A321-200neo aircraft scheduled to deliver to the airline from ALC’s order book with Airbus.

“We are delighted to announce this first of seven ALC A321-200neo LR aircraft delivery to Air Astana today,” said Alex Khatibi, Executive Vice President of Air Lease Corporation. “The A321-200neo LR is instrumental to Air Astana’s fleet modernization program to support the airline’s extended range operations and expanding route 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.