Air Lease Corporation Announces the Lease Placement of Two New Airbus A321-200s with Volaris

LOS ANGELES—(BUSINESS WIRE)—Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Volaris (NYSE: VLRS and BMV: VOLAR) the ultra-low-cost airline serving Mexico and the United States, for two new Airbus A321-200 aircraft with Sharklets powered by IAE V2533-A5 engines. Both aircraft are from ALC’s order book with Airbus and scheduled for delivery in spring 2015.

“ALC is pleased to support Volaris with the introduction of the very first A321s in their fleet. These aircraft will play an important role in addressing slot constraints out of Mexico City Airport, allowing Volaris to efficiently serve Mexico’s growing economy and demand for air travel,” said John L. Plueger, President and Chief Operating Officer of Air Lease Corporation.