"We are excited to continue and grow our partnership with Napier Park and its group of institutional investors following the success of our first fund. They share ALC's vision of creating long-term value for both our airline customers and investors through leased aircraft assets," said Ryan McKenna, Vice President and Head of Strategic Planning of Air Lease Corporation. "The Blackbird Capital platform is an important partnership for ALC's strategy to continue growing our management business and serves as an additional, flexible source of capital to help our team deliver exceptional results in the global aircraft leasing business."The revolving warehouse facility was led by BNP Paribas, as Joint Lead Arranger and Agent, and Bank of America, N.A., as Joint Lead Arranger, and includes Societe Generale, Fifth Third Bank, The Bank of Tokyo-Mitsubishi UFJ, LTD, Citibank, N.A., and Goldman Sachs Bank USA. Hughes Hubbard & Reed LLP advised Blackbird Capital II, Munger Tolles & Olson LLP advised the Company, and Sidley Austin LLP advised Napier Park in connection with the formation of the joint venture. Milbank, Tweed, Hadley & McCloy LLP advised the Joint Lead Arrangers and the Lenders in connection with the warehouse facility. Hughes Hubbard & Reed LLP advised Blackbird Capital II in connection with the warehouse facility. About Air Lease Corporation (NYSE:AL) ALC is a leading 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 commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com. Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the joint venture including its expected size, acquisition plans and the impact the joint venture is expected to have on the Company's future performance. 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 the timing of sales to the joint venture and those discussed in our filings with the SEC.
ContactsAir Lease CorporationInvestors:Mary Liz DePalmaDirector of Investor Relations Email: email@example.comMedia:Laura St. JohnManager, Media and Investor RelationsEmail: firstname.lastname@example.org