Air Lease Corporation sells 25 Embraer aircraft to Nordic Aviation Capital

Air Lease Corporation signed an agreement to sell 25 of its Embraer E190 and E175 aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These Embraer aircraft have served ALC’s customers well, fulfilling regional passenger traffic demand. Over the past six years, ALC’s business has matured and has focused on mainline jet aircraft operations for its airline customers. NAC is a global leader specializing in meeting the needs of regional aircraft operators and this transaction adds further scale to its business. These 25 Embraer aircraft account for less than 10% of ALC’s current fleet. Transfers of these aircraft to NAC will begin this quarter and are expected to conclude in Q1 of 2017. As the aircraft are moved, ALC expects to use some of this capital to add incremental aircraft acquisitions as market conditions permit.