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September 01, 2020 1:32pm
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Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo Aircraft with Transavia

Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A321-200neo aircraft with Transavia. Confirmed to deliver in late 2025 and early 2026, these two new Airbus A321-200neos join seven A321-200neos ALC has leased to Transavia. The first ALC A321neo aircraft delivered to Transavia in December 2023 and was the first A321-200neo to join the Dutch carrier’s fleet.

“ALC is pleased to announce this transaction for two additional Airbus A321neo aircraft with Transavia,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “Our nine A321-200neo aircraft will offer significant enhancements and efficiency to the airline’s fleet operations, as demonstrated by the first ALC A321neo that delivered to Transavia last year.”

In addition to the nine Airbus A321-200neo aircraft, ALC has ten Boeing 737-800s on long-term lease to the Dutch carrier.

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)

Air Lease Corporation is a leading global 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 new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

About Transavia

Transavia is a low-cost airline that for the past 50 years has taken great pleasure in flying passengers to over 110 destinations in Europe and North Africa. Transavia stands for accessibility and affordability: whether you are planning a holiday or a business trip, you will always find a flight that fits your budget. Transavia operates from the Netherlands and France.


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