LOS ANGELES—(BUSINESS WIRE)—Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Far Eastern Air Transport (FEAT), an international airline based in Taipei, Taiwan, for one new Boeing 737-800. The aircraft is from ALC’s order book with Boeing and will deliver in the second quarter of 2016.

“ALC is very pleased to lease the first new 737-800 to Far Eastern Air Transport and add them as a new customer in Asia. We look forward to a long and supportive relationship as they begin to renew and expand their fleet,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.