17 Dec 2012

Air Lease Corporation Announces Lease Placements with KALSTAR Aviation

LOS ANGELES, California, December 17, 2012 — Air Lease Corporation (NYSE: AL) announced today its placement of two new ATR 72-600s on long term lease to KALSTAR Aviation (Indonesia), delivering in the second and third quarters of 2013."KALSTAR is a major Indonesian regional airline serving the fast growing region of Kalimantan (Borneo), rich in natural resources and robust economic growth. KALSTAR operates ATR turboprops and Boeing 737s to serve its expanding network of both domestic and international routes in Southeast Asia," said Chi Yan, Vice President of Air Lease Corporation.

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

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