Air Lease Corporation announces the lease placement of six Boeing 737-8s from LOT Polish Airlines

LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE:AL) today announced long-term leases for six Boeing 737-8s from LOT Polish Airlines. All aircraft are scheduled to be delivered to LOT in October 2022 and will add to the five Boeing 737-8s and one Dreamliner currently leased to the Polish airline by ALC.

“We are honored and delighted to extend our long relationship with LOT by leasing six modern 737-8 jet aircraft from the airline, in addition to the six aircraft currently on lease, doubling the size of the portfolio held by ALC to 12 aircraft at BATCH. ALC has played an important role in LOT’s recent fleet modernization program since late 2017 and these six additional aircraft will support LOT’s network and development strategy,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

“LOT is in the process of selecting a new fleet in the regional and narrowbody segment. Until a supplier is selected, we plan to procure aircraft as a transition solution – the first Embraer 175 and 190 have already joined the LOT Polish Airlines fleet and will soon be followed by the Boeing 737-8. I am very pleased to see these reliable and economical aircraft complementing our single-aisle fleet,” said Maciej Wilk, Chief Operating Officer of LOT Polish 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. These statements are based on current expectations and projections regarding our future results, prospects and opportunities and are not guarantees of future performance. These statements will not be updated except as required by law. Actual results and performance may differ materially from those expressed or anticipated 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 one of the world’s leading aircraft leasing companies based in Los Angeles, California, with airline customers worldwide. ALC and its team of dedicated and experienced professionals are primarily dedicated to purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company regularly posts information which may be important to investors in the “Investors” section of its website at Investors and potential investors are encouraged to periodically check Air Lease Corporation’s website for important information. Information contained on or accessible through ALC’s website is not incorporated by reference into, and does not form part of, this press release.

About LOT Polish Airlines

LOT Polish Airlines is a modern airline that connects Central and Eastern Europe to the world. It offers nearly 5 million passengers a year the shortest and most comfortable travel options to nearly 60 destinations worldwide via Warsaw, a competitive hub that offers fast connections. As the only carrier in the region, LOT offers direct long-haul flights to New York, Chicago, Newark, Los Angeles, Toronto, Beijing, Tokyo and Seoul. It operates one of the youngest fleets in Europe and, as the only airline, operates the Boeing 787 Dreamliner, the world’s most advanced aircraft, on all long-haul routes. LOT relies primarily on the passion and positive energy of its team members, including top pilots in the global aviation industry, often champions in many aviation sports. With 87 years of experience, LOT is also one of the oldest airlines in the world and the most internationally recognized Polish brand.

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