14 Jan 2014

Air Lease Corporation Announces the Placement of One New Boeing 777-300ER with Air France

LOS ANGELES, California, January 14, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Air France for one new Boeing 777-300ER aircraft from ALC’s order book, which is scheduled for delivery in the fourth quarter of 2015.

Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of Air Lease Corporation, said: “ALC is pleased to have reached an agreement with Air France for the long term lease of one Boeing 777-300ER. This transaction represents the fourth Boeing 777-300ER lease from ALC to Air France. ALC’s management team is working closely with Air France to support a sustained fleet modernization process, which includes replacing some of Air France’s older Boeing 747s with the Boeing 777-300ER.”

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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)

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 new commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.




Investors

Depalma Maryliz 004

Mary Liz DePalma

Director of Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Stjohn Laura 018 Lorez

Laura St. John

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lstjohn@airleasecorp.com