Air Lease Corporation Announces Lease Placement with Okay Airways

LOS ANGELES—(BUSINESS WIRE)—Today Air Lease Corporation (NYSE:AL) announced the long term lease of one new Boeing 737-800 jet aircraft to Okay Airways, based in Beijing, China. The aircraft is scheduled for delivery to Okay Airways in June, 2015.

“We are very pleased to announce this lease transaction with Okay Airways, a growing private sector airline in China. We look forward to continuing our longstanding relationship with Okay Airways, providing access to new fuel efficient aircraft as they grow and modernize their fleet,” said Jie Chen, Executive Vice President and Managing Director, Asia.