Air Lease Corporation Announces Delivery of First of Eight New Airbus A321 Aircraft to LATAM Airlines

Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines. This A321-200neo aircraft is the first of eight new Airbus A321s confirmed to deliver to the South American carrier from ALC’s order book with Airbus. Two A321-200neos are scheduled to deliver to the airline from ALC in 2023 and 2024, followed by five A321 XLRs starting in 2025 through 2026.

“ALC is pleased to announce our first A321-200neo delivery to LATAM Airlines today,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “With this new A321-200neo aircraft, LATAM adds to the airline’s fleet modernization program by obtaining the most advanced technology aircraft to optimize and grow the carrier’s expanding international route network.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including 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 Corporation (NYSE: AL)

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC 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 Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

About LATAM Airlines Group S.A.

LATAM Airlines Group S.A. and its subsidiaries are the leading airline group in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and to Europe, Oceania, the United States and the Caribbean. The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM group's cargo subsidiaries, having a combined fleet of 18 freighter aircraft, which will gradually increase to a total of 19 cargo aircraft by 2024. These cargo subsidiaries have access to the group's passenger aircraft, and operate within the LATAM group network, as well as on exclusive international routes for cargo transportation. In addition, they offer a modern infrastructure and a wide variety of services and support options to meet the needs of its customers.

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