13 Jun 2016

Air Lease Corporation takes Delivery of its First new Boeing 787 Dreamliner

First of Two New Boeing 787-9 Aircraft to Hainan Airlines

First GEnx-powered 787-9 to operate in China

LOS ANGELES, California, June 13, 2016 — Air Lease Corporation (NYSE: AL) delivered its first Boeing 787 in Everett, Washington on June 7, 2016. The aircraft, a Boeing 787-9 on long term lease to Hainan Airlines, is the first of two new Boeing 787-9 deliveries from ALC’s order book with Boeing. The second 787-9 is scheduled to deliver this fall. This event also marks the first GEnx-powered Boeing 787-9 to operate in China, as well as the first 787-9 aircraft in Hainan’s fleet.

"We are very pleased to deliver our first ever Boeing 787-9 to Hainan Airlines, who is also now the first airline in China to operate both the 787-8 and the 787-9. We look forward to the continued growth of our relationship with Hainan Airlines as it expands and optimizes the range and capacity of its fleet.” said Jie Chen, ALC’s Executive Vice President and Managing Director, Asia.

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 Hainan Airlines

Since its first flight, Hainan Airlines has been operating safely for 21 successive years, maintained an excellent safety record, and its service has won the unanimous approval of a wide range of passengers and those in the civil aviation industry. In October 2014, Hainan Airlines won the 2014 annual World Travel Awards (WTA) "Asia's Best Business Class 2014" award. On January 27, 2015 Hainan Airlines was named as one of the 100 Most Valuable Chinese Brands selected by the internationally known brand consultancy and assessment agency “BrandZ”. Since 2011, Hainan Airlines, with its high quality service standards and continuous years of service innovation, has won four consecutive global SKYTRAX five-star airline ratings. Meanwhile, it has also won SKYTRAX “Best Airline in China” and “Best Staff Service in China” awards for the fifth time.

Hainan Airlines inherits “Oriental hospitality”, advocates a “respect for the customer” service spirit, follows the “SMILE” service standard, passes on the “cherished experience” brand philosophy, highlights the “Oriental Beauty” new international brand image, becoming a world-class aviation enterprise and brand for the Chinese nation.




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