FARNBOROUGH, United Kingdom, July 11, 2016 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements for four new Airbus A350-1000 aircraft with Virgin Atlantic Airways. The aircraft are from ALC’s order book with Airbus, with two delivering in spring 2020 and two delivering in spring 2021. These new A350-1000s will replace Virgin Atlantic Airways’ Boeing 747 aircraft built in the 1990’s on routes from London across the Atlantic.

“We have a long history and an excellent relationship with Virgin Atlantic Airways, and we are pleased to be a part of modernizing their long haul fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

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