20 May 2014

Air Lease Corporation Announces the Placement of Two New Boeing 737-800s with Mihin Lanka

LOS ANGELES, California, May 20, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Mihin Lanka for two new Boeing 737-800 aircraft, delivering from ALC’s orderbook in 2015.

"These two new Boeing 737-800s with winglets will modernize the Mihin Lanka fleet. We are pleased to expand our business relationship with Mihin Lanka and contribute to their fleet renewal strategy,” said Kishore Korde, Air Lease Corporation’s Senior Vice President.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. 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 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.




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