Air Lease Corporation Announces the Placement of one Airbus A320-200 with Air Serbia

LOS ANGELES--(BUSINESS WIRE)--

Today Air Lease Corporation AL announced the delivery of one used Airbus A320-200 to Air Serbia, a new customer for ALC. This aircraft was delivered to Air Serbia in March 2014.

“Air Serbia is a new customer in Eastern Europe for ALC. ALC looks forward to a long and successful relationship with Air Serbia as they expand their fleet and route network in Europe and beyond. Additionally, this placement further develops our close collaboration with Air Serbia's significant shareholder and current ALC customer, Etihad Airways,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 Commission.

About Air Lease Corporation 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 www.airleasecorp.com.

About Air Serbia

Air Serbia is the flag carrier and largest airline of Serbia, based at Belgrade Nikola Tesla Airport. Known as Jat Airways until it was renamed in October 2013, Air Serbia operates scheduled domestic and international passenger flights to Europe and the Middle East.