LOS ANGELES, California, May 1, 2013 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Korean Air for two new Boeing 777-300ER aircraft, which are scheduled for delivery in November 2014 and May 2015.

"We are very pleased to lease two new Boeing 777-300ERs to Korean Air, one of the world's leading airlines, to support their long haul twin-aisle fleet growth. These two 777-300ERs add to the two new Boeing 737-800s already leased by ALC to Korean Air, thereby significantly growing our valued business relationship,” said John Plueger, Air Lease Corporation’s President and Chief Operating Officer.

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 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:
Ryan McKenna
Assistant Vice President
Strategic Planning and Investor Relations
Email: [email protected]

Media:
Laura St. John
Media and Investor Relations Coordinator
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