18 Apr 2017

Air Lease Corporation Announces the Lease Placement of Two New Boeing 737 MAX 8 Aircraft with MIAT Mongolian Airlines

LOS ANGELES, California, April 18, 2017 — Today Air Lease Corporation (NYSE: AL) announced the long term lease placement of two new Boeing 737 MAX 8 aircraft with MIAT Mongolian Airlines. The aircraft are scheduled to deliver from ALC’s order book with Boeing in late 2019 and early 2020.

“We are very pleased to announce these new 737 MAX 8 lease placements with MIAT. These aircraft are key additions to MIAT’s fleet as they continue to expand their route network in the region,” said Jie Chen, Air Lease Corporation’s Executive Vice President and Managing Director, Asia.

“These two new 737 MAX 8 aircraft will help serve our mission to connect Mongolia with the rest of the world while increasing the quality, reliability and efficiency of our fleet operations,” said Tamir Tumurbaatar, President and Chief Executive Officer of MIAT Mongolian Airlines.

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.

About MIAT Mongolian Airlines

MIAT Mongolian Airlines is the Mongolian national airline, headquartered in the MIAT Building in Ulaanbaatar, the capital of Mongolia. The airline operates international scheduled services from its base at Chinggis Khaan International Airport near Ulaanbaatar.




Investors

Mary Liz DePalma

Director of Investor Relations

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

Media

Laura St. John

Manager, Media and Investor Relations

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