Air Lease Corporation Announces the Placement of Two New Airbus A321-200s with Monarch Airlines

LOS ANGELES—(BUSINESS WIRE)—Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Monarch Airlines (United Kingdom) for two new Airbus A321-200 aircraft with Sharklets and powered by IAE V2533 engines, which are scheduled for delivery in April and May of 2015.

“We are pleased to announce this strategic lease placement with Monarch Airlines, a new customer for ALC in Europe. Monarch Airlines has been steadily rationalizing and modernizing its operating fleet. ALC looks forward to a successful long term relationship with Monarch as it executes its plans to build one of the newest and most fuel-efficient jet fleets in the U.K.,” said Marc Baer, Executive Vice President of Air Lease Corporation.