Air Lease Corporation Announces Lease Placement of New Boeing 787-10 Aircraft with KLM

PARIS–(BUSINESS WIRE)–Air Lease Corporation (NYSE: AL; “ALC”) announced today a long-term
lease placement for one new Boeing 787-10 aircraft with KLM Royal Dutch
Airlines, scheduled for delivery in Spring 2021. The 787-10 aircraft
will deliver from ALC’s order book with Boeing and join four 777-300ERs,
one 777-200ER, three 737-800s and two Airbus A330-200s currently on
lease to KLM from ALC.

“This new Boeing 787-10 placement continues ALC’s long and excellent
relationship with KLM, one of our key European airline customers,” said
Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The
787-10 is a fundamental part of KLM’s long-haul operations and this new
ALC Dreamliner will add to the airline’s current widebody fleet.”

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

About Air Lease Corporation (NYSE: AL)

ALC is a leading 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 commercial aircraft and leasing them to its airline
customers worldwide through customized aircraft leasing and financing
solutions. For more information, visit ALC’s website at

About KLM

KLM Royal Dutch Airlines was founded in 1919, making it the world’s
oldest airline still operating under its original name. In 2004, Air
France and KLM merged to form AIR FRANCE KLM. The merger produced the
strongest European airline group based on two powerful brands and hubs –
Amsterdam Airport Schiphol and Paris Charles de Gaulle. Retaining its
own identity, the group focuses on three core businesses: passenger
transport, cargo and aircraft maintenance.

In the Netherlands, KLM comprises the core of the KLM Group, which
further includes KLM Cityhopper, and Martinair. KLM serves
all its destinations using a modern fleet and employs over 33,000 people
around the world. KLM is a leader in the airline industry, offering
reliable operations and customer-oriented products resulting from its
policy of enthusiasm and sustainable innovation.



Mary Liz DePalma
Assistant Vice President, Investor Relations

Jason Arnold
Assistant Vice President, Finance


Laura Woeste
Manager, Media and Investor Relations

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