02 Nov 2011

ALC Announces Delivery of its First ATR 72-600, Marking its 90th Aircraft Acquisition

LOS ANGELES, CA, November 2, 2011 — Earlier today, Air Lease Corporation (ALC) concluded delivery of its first ATR 72-600, on lease to Brazil’s TRIP Linhas Aéreas. This marks the 90th aircraft in ALC’s fleet since the company’s inception in February 2010. ALC’s fleet includes aircraft manufactured by Boeing, Airbus, Embraer, and ATR, which are leased to 52 airlines around the world.“We are pleased to announce that ALC has reached another milestone today in acquiring our 90th aircraft. Our pipeline continues to drive a steady pace of deliveries as we push towards our target of 100 aircraft by year end,” said John L. Plueger, President and Chief Operating Officer of ALC.In addition, ALC concluded the following lease deliveries from its order book:• One new Airbus A330-200 (MSN 1256) leased to Vietnam Airlines.• One new Airbus A330-200 (MSN 1260) leased to Air China.• One new Embraer E190-100LR (MSN 19000487) leased to Air Astana.• One new Embraer E175 (MSN 17000330) leased to Alitalia.• One Airbus A320-200 (MSN 4869) leased to SriLankan Airlines.Further, ALC acquired the following aircraft:• One Boeing 737-800 (MSN 30285) leased to Jeju Air.

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)

Launched in 2010, ALC is an 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 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