Air Lease Corporation announces the lease placement of three new Boeing 737-8s from Aeroitalia

LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE:AL) today announced long-term lease placements for three new Boeing 737-8 aircraft with Aeroitalia. These three new Boeing aircraft are expected to be delivered to the Italian airline from ALC’s backlog with Boeing from 2023 until 2024.

“We are very pleased to announce the placement of three new Boeing 737-8s with Aeroitalia,” said Steven F. Udvar–Házy, Executive Chairman of Air Lease Corporation. “The capabilities of the Boeing 737-8 will significantly improve Aeroitalia’s operational efficiency and the expansion of its fleet with the most modern and fuel-efficient aircraft.”

“Through this placement, Aeroitalia’s team of seasoned airline industry veterans is prudently expanding its fleet and operations to meet the needs of the airline’s ever-growing business,” said AJ. Abedin, vice president of marketing at Air Lease Corporation.

Gaetano Intrieri, Managing Director of Aeroitalia, added: “With this lease agreement, we strengthen our business relationship with ALC. We consider this agreement as a very important step for Aeroitalia in its sustainable green growth plan and to support the Italian market. Our team is very proud of the support and trust we have received from ALC, one of the largest rental companies in the world. Allow me to especially thank Mr. Hazy for believing in our project.

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 www.airleasecorp.com. 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 Aeroitalia

Aeroitalia is a new fully privately owned Italian airline, born from the foresight of professionals in the air transport sector. Based in Rome and a startup hub in Forlì, Aeroitalia currently operates regional charter and scheduled flights across Europe with a fleet of three Boeing 737-800s.

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