Air Lease (NYSE: AL) announced today a long-term lease agreement with Sun PhuQuoc Airways for one new Airbus A321-200neo aircraft, scheduled to deliver to the startup Vietnamese airline in 2027.

“We are pleased to lease this new Airbus A321neo to Sun PhuQuoc Airways,” said Chi Yan, Senior Vice President of Air Lease. “Air Lease looks forward to the continued growth of our relationship with Sun PhuQuoc as the airline builds and optimizes the range and capacity of its new fleet.”

“The addition of this new Airbus A321neo from Air Lease marks an important step in our fleet development plan,” said Nguyen Manh Quan, Chief Executive Officer of Sun PhuQuoc Airways. “Partnering with AL allows us to expand our fleet with modern, fuel-efficient aircraft that enhance passenger comfort and operational sustainability. This aligns with our commitment to offering high-quality travel experiences while efficiently connecting Phu Quoc and Vietnam to regional and international destinations.”

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, future relationship growth, 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.