06 May 2011

Air Astana Leased a Used Airbus A320-200 and Two New Embraer 190 Aircraft from Air Lease Corporation

LOS ANGELES, CA, May 5, 2011 – Air Astana, the national airline of Kazakhstan, leased a used A320-200 (MSN 3141) and two new Embraer 190 aircraft from Air Lease Corporation.

“We have a long history and an excellent relationship with Air Astana, and we are pleased with the opportunity to expand and modernize their jet fleet,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.

The A320 is equipped with V2500 engines, and the two Embraer 190’s will deliver in October 2011 and April 2012 on 8-year leases.

About Air Lease Corporation (NYSE: AL)
Launched in 2010, Air Lease Corporation (ALC) is an aircraft leasing company based in Los Angeles, California that has 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
Director, Strategic Planning and Investor Relations
Email: rmckenna@airleasecorp.com

Media:
Laura St. John
Media and Investor Relations Coordinator
Email: lstjohn@airleasecorp.com

Air Lease Corporation
Phone: 310.553.0555
Fax: 310.553.0999




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