Air Lease Corporation Confirms New Lease Agreements with Aeromexico for Nine New Boeing 737s

LOS ANGELES, March 25, 2022–(BUSINESS WIRE)–Air Lease Corporation (NYSE:AL) today announced long-term lease agreements for nine new Boeing 737s with Aeromexico. Comprised of two new 737-8s and seven new 737-9s, the planes are expected to be delivered between July 2022 and August 2023 from ALC’s backlog with Boeing.

“Air Lease Corporation is Aeromexico’s largest lessor, and we are delighted to strengthen our relationship with the airline with these nine new Boeing 737 aircraft lease placements,” said Steven Udvar-Házy, Executive Chairman of Aeromexico. Air Lease Corporation. “The 737 offers the most modern and fuel-efficient technology to enhance the global capabilities of Mexico’s premier airline.”

“Aeromexico is thrilled to partner with ALC again to help modernize our fleet with new, fuel-efficient and environmentally friendly Boeing aircraft in 2022 and 2023,” said Aeromexico CEO Dr. Andres Conesa.

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 Grupo Aeromexico

Grupo Aeromexico, SAB de CV is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, has its main hub at Terminal 2 of Mexico City International Airport. Its destination network includes the United States, Canada, Central America, South America, Asia and Europe. The Group’s operational fleet consists of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 20th anniversary, and flies to 170 countries through the 19 SkyTeam partner airlines. Aeromexico created the Health and Sanitation Management System (HSMS) to protect its customers and employees at all stages of its operation.

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