Air Lease Announces Delivery of First of Four New Airbus A321XLR Aircraft to Qanot Sharq

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease (NYSE: AL) announced the delivery of one new Airbus A321-200neo XLR aircraft to Uzbekistan based airline, Qanot Sharq. This is the first A321XLR to join Qanot Sharq’s fleet and the first of four new A321XLR aircraft to deliver to the airline on long-term lease from Air Lease.

“Air Lease is proud to be the first lessor to introduce the A321XLR to Asia with our valued partner Qanot Sharq, an airline we have supported since day one,” said AJ Abedin, Senior Vice President of Marketing at Air Lease. “With its strong operating performance and strategic location in Uzbekistan, I believe Qanot Sharq is uniquely positioned to unlock the full potential of this game-changing aircraft.”

“I am delighted to further strengthen our partnership with Air Lease as we welcome our first A321XLR,” said Nosir Abdugafarov, the owner of Qanot Sharq Airlines. “This aircraft’s exceptional range and efficiency will open new nonstop routes from Uzbekistan, expand our international network, and allow us to offer our customers greater comfort and convenience while maintaining highly competitive operating economics.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the anticipated fleet development and expansion of our customers and 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 (NYSE: AL)

Air Lease is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. Air Lease and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease’s website regularly for important information. The information contained on, or that may be accessed through, Air Lease’s website is not incorporated by reference into, and is not a part of, this press release.

About Qanot Sharq Airlines

Established as Uzbekistan’s first privately owned airline, Qanot Sharq is led by a team of highly accomplished airline industry professionals. The airline operates from multiple regional airports in Uzbekistan, providing regular and charter air services to international destinations such as Tel Aviv (Israel), Istanbul (Turkey), Jeddah and Medina (Saudi Arabia), and Sharm El-Sheikh (Egypt) in the MENA region; Phuket (Thailand), Nha Trang, and Phu Quoc (Vietnam) in the APAC region; as well as Budapest (Hungary), Prague (Czech Republic), London (United Kingdom) and Milan (Italy) in Europe.