Air Lease Corporation Announces the Placement of Three Airbus A320s with NAS Air

LOS ANGELES—(BUSINESS WIRE)—Today Air Lease Corporation (NYSE: AL) announced lease agreements with NAS Air (Saudi Arabia) for three Airbus A320-200 aircraft (MSNs 2776, 3218 and 3256). The three aircraft are contracted on six year leases and will deliver in May, August, and October 2013.

“ALC is pleased to add NAS Air as a new lease customer in the Middle East region. This fast growing airline has demonstrated excellent customer service and is expanding their route network, as well as increasing flight frequencies on their most popular markets,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.