Air Lease Corporation Announces the Lease Placement of Two New Boeing 777-300ERs with Air Austral

LOS ANGELES—(BUSINESS WIRE)—Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements with Air Austral for two new Boeing 777-300ER aircraft. Both aircraft are from ALC’s order book with Boeing and are scheduled to deliver in the fall of 2016.

“We are delighted to lease two more new 777-300ERs to Air Austral, a long-time customer of ALC. Our management team has a great relationship with Air Austral and we are happy to support the renewal of their twin-aisle fleet with the addition of these modern, fuel-efficient aircraft,” said Marc Baer, Executive Vice President of Air Lease Corporation.