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Air Lease Corporation Announces the Placement of One Airbus A320 with VivaColombia

Paul Sadler Customers

LOS ANGELES, California, August 18, 2014 — Today Air Lease Corporation (NYSE: AL) announced the placement of one Airbus A320 aircraft at VivaColombia on long term lease, scheduled for delivery in spring 2015. Originally acquired by ALC in May 2011, the aircraft is presently on lease to an airline in Asia and is equipped with CFM56-5B engines.“ALC is committed to growing its business in Latin America and we are very pleased to announce our first aircraft placement with VivaColombia, an airline pioneering the low cost model in Colombia,” said John L. Plueger, President and COO of Air Lease Corporation. Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Media and Investor Relations Coordinator Email: [email protected]

Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with KLM

Paul Sadler Customers

LOS ANGELES, California, August 13, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with KLM (The Netherlands) for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book.“KLM is one of our key and strategic European airline customers. This placement of four new Boeing 777-300ERs continues our long and excellent relationship with KLM as they operate a leading global airline fleet,” said Steven F. Udvar-Hazy, Chairman and CEO of Air Lease Corporation.“ALC is proud to announce this successful transaction with KLM, which is now committed to lease a total of four new Boeing 777-300ERs on long term basis from ALC’s own order pipeline,” said Grant Levy, Executive Vice President of Air Lease Corporation. “The Boeing 777-300ER aircraft continues to be a fundamental part of KLM’s long haul fleet operations.”ALC also already leases Airbus A330-200, A330-300, Boeing 777-200ER and 737-800 aircraft to KLM.Forward-Looking StatementsThis 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 KLMKLM Royal Dutch Airlines was founded in 1919, making it the world’s oldest airline still operating under its original name. In 2004, Air France and KLM merged to form AIR FRANCE KLM. The merger produced the strongest European airline group based on two powerful brands and hubs – Amsterdam Airport Schiphol and Paris Charles de Gaulle. Retaining its own identity, the group focuses on three core businesses: passenger transport, cargo and aircraft maintenance.In the Netherlands, KLM comprises the core of the KLM Group, which further includes KLM Cityhopper, transavia.com and Martinair. KLM serves all its destinations using a modern fleet and employs over 33,000 people around the world. KLM is a leader in the airline industry, offering reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Media and Investor Relations Coordinator Email: [email protected]

Air Lease Corporation and Air New Zealand Announce Agreement for Five New Airbus A320neo Family Aircraft

Paul Sadler Customers

LOS ANGELES, July 14, 2014 - Air Lease Corporation (NYSE: AL) reached an agreement with Air New Zealand for the long term lease of five new Airbus A320neo Family aircraft. The first aircraft, a new A321neo, is scheduled for delivery in August 2017 and the first new A320neo will deliver in September 2017. The remaining three aircraft will deliver in 2018.“We are pleased to extend our excellent relationship with Air New Zealand to include the lease of these new fuel efficient A320neo family aircraft,” said Grant Levy, Executive Vice President of Air Lease Corporation. “Air New Zealand’s management team selected the A320neo family aircraft to optimize its Trans-Tasman fleet.”Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including future 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 Air New Zealand (NZX: AIR; ASX: AIZ)Air New Zealand is an international and domestic airline group which provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South Pacific, Asia, North America and the United Kingdom.Investors:Ryan McKenna, 310-553-0555Vice [email protected]:Laura St. John, 310-553-0555Manager, Media and Investor [email protected]

Air Lease Corporation Announces Delivery of First of Four New Airbus A321-200s to Air China

Paul Sadler Customers

LOS ANGELES, June 23, 2014 – Air Lease Corporation (NYSE: AL) announced today the delivery of the first of four new Airbus A321-200 aircraft leased to Air China (Beijing). This delivery is part of a large long term lease placement of 13 new aircraft with Air China from ALC’s order book with Airbus and Boeing. Air China also leased nine new Boeing 737-800s from ALC, five of which have been delivered.“Air China is one of ALC’s largest airline lease customers in Asia for both single and twin-aisle aircraft,” said Jie Chen, Executive Vice President and Managing Director, Asia. “ALC has worked closely with Air China’s management team to optimize their fleet with new fuel efficient aircraft to cover replacement requirements.” Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 Air ChinaAir China is the flag carrier and one of the major airlines of China and is headquartered in Beijing. With flight operations based out of Beijing Capital International Airport, Air China’s route network extends throughout Asia to the Middle East, Western Europe, and North America.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces Lease Placement and Delivery of One Boeing 737-800 with Sun Country

Paul Sadler Customers

LOS ANGELES, June 17, 2014 - Today Air Lease Corporation (NYSE: AL) announced the delivery of one used Boeing 737-800 aircraft (MSN 34254), on long term lease to Sun Country Airlines. “We are very pleased to continue our strong relationship with Sun Country Airlines,” said Marc Baer, Executive Vice President of Air Lease Corporation. “This Boeing 737-800 is a key addition to their fleet as Sun Country continues to grow their network and maximize their competitive advantage in the region.” Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor Relations Email: [email protected]

Air Lease Corporation Announces Delivery of First of Two New Boeing 777-300ERs with Air New Zealand

Paul Sadler Customers

LOS ANGELES, June 10, 2014 - Air Lease Corporation (NYSE: AL) announced the delivery of the first of two new Boeing 777-300ER widebody aircraft to Air New Zealand. A second new 777-300ER is scheduled for delivery this fall. Both aircraft are from ALC’s order book with Boeing.“We announce our delivery of this new Boeing 777-300ER with great pride and appreciation, as this transaction furthers the excellent relationship between ALC and Air New Zealand. We look forward to delivering another 777-300ER to Air New Zealand this fall,” said Grant Levy, Executive Vice President of Air Lease Corporation.Forward-Looking StatementsThis 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 Air New Zealand (NZX: AIR; ASX: AIZ)Air New Zealand is an international and domestic airline group which provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South Pacific, Asia, North America and the United Kingdom.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces Lease Placement of Two New Boeing 777-300ERs with EVA Air

Paul Sadler Customers

LOS ANGELES, June 9, 2014 - Today Air Lease Corporation (NYSE: AL) announced twelve-year lease agreements with EVA Air (Taiwan) for two new Boeing 777-300ER widebody aircraft, scheduled for delivery in the second half of 2015 and first half of 2016. These aircraft are from ALC’s order book with Boeing.“We are pleased to conclude this important long term lease transaction with EVA Air, one of the premier international airlines in Asia, and a strategic new lease customer for ALC. As the demand for intercontinental routes from the Asia Pacific region continues to increase, ALC is pleased that these two new fuel efficient widebody aircraft will be an instrumental part of EVA’s expansion in that market,” said Chi Yan, Vice President of Air Lease Corporation. Forward-Looking StatementsThis 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 EVA AirEVA Air, a premier international airline based in Taiwan, was established in 1989 and has become a Star Alliance member since June 2013. EVA Air is a modern network airline operating scheduled international passenger flights and cargo services to Asia, North America, Europe, and Oceania. For more information, visit EVA Air’s website at www.evaair.com.Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Manager, Media and Investor Relations Email: [email protected]

Air Lease Corporation Announces the Placement of one Airbus A320-200 with Air Serbia

Paul Sadler Customers

LOS ANGELES, May 21, 2014 - Today Air Lease Corporation (NYSE: AL) announced the delivery of one used Airbus A320-200 to Air Serbia, a new customer for ALC. This aircraft was delivered to Air Serbia in March 2014. “Air Serbia is a new customer in Eastern Europe for ALC. ALC looks forward to a long and successful relationship with Air Serbia as they expand their fleet and route network in Europe and beyond. Additionally, this placement further develops our close collaboration with Air Serbia’s significant shareholder and current ALC customer, Etihad Airways,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 Air SerbiaAir Serbia is the flag carrier and largest airline of Serbia, based at Belgrade Nikola Tesla Airport. Known as Jat Airways until it was renamed in October 2013, Air Serbia operates scheduled domestic and international passenger flights to Europe and the Middle East. Investors: Ryan McKenna Vice President Email: [email protected]: Laura St. John Manager, Media and Investor Relations Email: [email protected]

Air Lease Corporation Announces the Placement of Two New Boeing 737-800s with Mihin Lanka

Paul Sadler Customers

LOS ANGELES, California, May 20, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Mihin Lanka for two new Boeing 737-800 aircraft, delivering from ALC’s orderbook in 2015."These two new Boeing 737-800s with winglets will modernize the Mihin Lanka fleet. We are pleased to expand our business relationship with Mihin Lanka and contribute to their fleet renewal strategy,” said Kishore Korde, Air Lease Corporation’s Senior Vice President.Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces the Placement of Three New Airbus A321neo Aircraft with Novair

Paul Sadler Customers

LOS ANGELES, California, May 7, 2014 — Today Air Lease Corporation (NYSE: AL) announced long term lease agreements with Novair for three new Airbus A321neo aircraft, which are scheduled to begin delivery in 2017. Novair is based in Stockholm, Sweden and owned by Switzerland’s Kuoni Travel Group. These aircraft are from ALC’s order book from Airbus. "As the first operator of these new technology A321neo aircraft in Scandinavia, Novair will gain significant performance and operational economic advantages,” said Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of Air Lease Corporation. “We are pleased to play a pivotal role in renewing Novair’s fleet by leasing them the most modern fuel and environmentally efficient 220-seat jet aircraft beginning in the spring of 2017.”Forward-Looking StatementsThis 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. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces the Placement of Three New Boeing 737-800s with China Airlines

Paul Sadler Customers

LOS ANGELES, California, April 28, 2014 — Today Air Lease Corporation (NYSE: AL) announced lease agreements with China Airlines for three new Boeing 737-800 aircraft, which are scheduled for delivery in 2015 and 2016. These aircraft are from ALC’s order book from Boeing."We are excited to announce this strategic placement of three new 737-800s with China Airlines. Although a new customer to ALC, China Airlines and our management team have enjoyed a successful relationship for many years, and therefore we are particularly pleased to now welcome China Airlines to the ALC family,” said John Plueger, President and Chief Operating Officer of Air Lease Corporation."China Airlines is very pleased to conclude its first transaction with ALC,” said Huang-Hsiang Sun, Chairman of China Airlines. “The addition of these new 737-800s will further strengthen our competitiveness in the regional service and enhance our overall product offering.”Forward-Looking StatementsThis 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 China AirlinesFounded in 1959, China Airlines is Taiwan’s largest airline with a fleet of 85 aircraft and more than 10,000 employees worldwide. As one of SkyTeam airline alliance’s 20 members, China Airlines offers extensive global network of more than 15,723 daily flights to 1,064 destinations in 178 countries. China Airlines has been named “Best Airline in North Asia” by Global Traveler Magazine, and received the highest 7-star rating for safety from AirlineRatings. As part of its new fleet introduction program, China Airlines will launch next-generation services in 2014 to continue promoting superior aviation safety as well as an eco-friendly, innovative and attentive service that provide passengers with satisfying travel experience.Investors:Ryan McKennaVice PresidentEmail: [email protected]:Laura St. JohnManager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces the Placement of Six New Boeing 737-800s with Korean Air

Paul Sadler Customers

LOS ANGELES, California, March 24, 2014 — Today Air Lease Corporation (NYSE: AL) announced lease agreements with Korean Air for six new Boeing 737-800 aircraft, which are scheduled for delivery in 2015 and 2016. These aircraft are from ALC’s order book from Boeing."We are thrilled to announce this significant new lease placement with Korean Air, one of the world’s premier carriers. These six new aircraft will support Korean Air’s expanding route network and frequencies, and builds upon ALC’s previously announced lease transactions with Korean Air for Boeing 737-800 and 777-300ER aircraft,” said John Plueger, President and Chief Operating Officer of Air Lease Corporation.Forward-Looking StatementsThis 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 Korean AirKorean Air is both the flag carrier and the largest airline of South Korea, with global headquarters located inGonghang-dong, Gangseo-gu, Seoul, South Korea. Korean Air's international passenger division and related subsidiary cargo division together serve 130 cities in 45 countries, while its domestic division serves 20 destinations. It is among the top 20 airlines in the world in terms of passengers carried and is also the top-ranked international cargo airline. Incheon International Airport serves as Korean Air's international hub. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]

Air Lease Corporation Announces the Placement of One New Boeing 777-300ER with Emirates

Paul Sadler Customers

LOS ANGELES, California, March 18, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Emirates for one new Boeing 777-300ER aircraft, which is scheduled for delivery in 2015.“ALC is pleased to lease this new Boeing 777-300ER to Emirates, one of the world’s leading airlines as well as the largest airline in the Middle East. This aircraft will add to Emirates’ rapidly expanding flight network featuring the most modern and fuel efficient aircraft in production,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.Forward-Looking StatementsThis press release may contain 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. Investors: Ryan McKenna Vice PresidentEmail: [email protected]: Laura St. John Media and Investor Relations Coordinator Email: [email protected]

Air Lease Corporation Announces the Placement of a New Boeing 777-300ER with KLM

Paul Sadler Customers

LOS ANGELES, California, March 13, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with KLM (The Netherlands) for a new Boeing 777-300ER aircraft with two General Electric (GE) engines, scheduled for delivery in 2016. “The Boeing 777-300ER continues to be an integral part of KLM’s long haul fleet,” said Grant Levy, Executive Vice President of Air Lease Corporation. “ALC is proud to place this new Boeing 777-300ER with KLM which allows KLM to maintain its premier global airline fleet and continues the long and excellent relationship that ALC has with KLM.”ALC already leases Airbus A330-200, A330-300, Boeing 777 and 737-800 aircraft to KLM.Forward-Looking StatementsThis 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 KLMKLM Royal Dutch Airlines was founded in 1919, making it the world’s oldest airline still operating under its original name. In 2004, Air France and KLM merged to form AIR FRANCE KLM. The merger produced the strongest European airline group based on two powerful brands and hubs – Amsterdam Airport Schiphol and Paris Charles de Gaulle. Retaining its own identity, the group focuses on three core businesses: passenger transport, cargo and aircraft maintenance.In the Netherlands, KLM comprises the core of the KLM Group, which further includes KLM Cityhopper, transavia.com and Martinair. KLM serves all its destinations using a modern fleet and employs over 33,000 people around the world. KLM is a leader in the airline industry, offering reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation. Investors:Ryan McKenna Vice PresidentEmail: [email protected] Media: Laura St. John Media and Investor Relations Coordinator Email: [email protected]

Air Lease Corporation Announces the Placement of One New Boeing 777-300ER with Air France

Paul Sadler Customers

LOS ANGELES, California, January 14, 2014 — Today Air Lease Corporation (NYSE: AL) announced a long term lease agreement with Air France for one new Boeing 777-300ER aircraft from ALC’s order book, which is scheduled for delivery in the fourth quarter of 2015.Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of Air Lease Corporation, said: “ALC is pleased to have reached an agreement with Air France for the long term lease of one Boeing 777-300ER. This transaction represents the fourth Boeing 777-300ER lease from ALC to Air France. ALC’s management team is working closely with Air France to support a sustained fleet modernization process, which includes replacing some of Air France’s older Boeing 747s with the Boeing 777-300ER.”Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 new 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 PresidentStrategic Planning and Investor Relations Email: [email protected]: Laura St. John Manager, Media and Investor RelationsEmail: [email protected]