Air Lease Corporation Announces Two 777-300ER Lease Placements with Air New Zealand

Thu Feb 28, 2013 4:10pm EST

* Reuters is not responsible for the content in this press release.

LOS ANGELES--(Business Wire)--
Air Lease Corporation (NYSE: AL) announced long term lease agreements today with
Air New Zealand for two new Boeing 777-300ER aircraft delivering in 2014. 

"We are delighted to announce the lease of two new 777-300ER aircraft to Air New
Zealand, one of the preeminent airlines in the world. Air New Zealand has been
universally recognized for operating a modern fleet that delivers a superior
product to its passengers. This transaction is part of a long history between
the members of ALC`s management and Air New Zealand which started 45 years ago
when Steve Hazy acquired a Lockheed Electra L-188C from Air New Zealand in
January of 1968," said Grant Levy, Executive Vice President of Air Lease

"We are very pleased to further our relationship with Air Lease Corporation with
the addition of these two 777-300ER aircraft to our fleet. These aircraft are a
great fit to our network and will allow us in the coming years to lift our
growth aspirations in the growing Pacific Rim markets," said Rob McDonald, Chief
Financial Officer of Air New Zealand. 

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 Commission. 

About Air Lease Corporation (NYSE: AL) 

ALC is an 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 partners worldwide through customized
aircraft leasing and financing solutions. For more information, visit ALC's
website at 

About Air New Zealand (NZX: AIR; ASX: AIZ) 

Air New Zealand is an international and domestic airline group which provides
air passenger and cargo transport services within New Zealand, as well as to and
from Australia, the South Pacific, Asia, North America and the United Kingdom.

Air Lease Corporation
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Laura St. John
Media and Investor Relations Coordinator

Copyright Business Wire 2013

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