Air Lease Corporation announces the lease placement of three new Airbus A321neos from LATAM Airlines

LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE:AL) today announced long-term leases for three new Airbus A321neos from LATAM Airlines. The planes are expected to be delivered to LATAM in the summer and fall of 2023 from ALC’s backlog with Airbus.

“We are pleased to announce the long-term lease of three new Airbus A321neos to South America’s largest airline: LATAM Airlines,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “This is another important step in modernizing the fleet and optimizing LATAM’s network strategy.”

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)

ALC is a leading aircraft leasing company based in Los Angeles, California with airlines worldwide. ALC and its team of dedicated and experienced professionals are primarily dedicated to purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC periodically posts information that may be important to investors in the “Investors” section of ALC’s website at Investors and potential investors are encouraged to periodically check ALC’s website for important information about ALC. 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 LATAM Airlines Group SA

LATAM is Latin America’s leading airline group, with a presence in five South American domestic markets: Brazil, Chile, Colombia, Ecuador and Peru, as well as international operations in Latin America and around Europe, the United States and the Caribbean. The group operates a fleet comprising Boeing 787, Airbus A350, A321, A320neo and A319, the most modern models of their kind. LATAM is the only airline group in the Americas and one in three in the world to join the Dow Jones Sustainability Index World, where it is recognized for its sustainable practices, based on three criteria: economic, social and environmental. LATAM Airlines Group shares are traded on the Santiago Stock Exchange and in the United States, its ADRs are traded on OTC (over-the-counter) markets.

Luisa D. Fuller