21 May 2015

Air Lease Corporation and Sichuan Airlines Announce the Delivery of the Operator’s 100th Airplane

LOS ANGELES, California, May 21, 2015 — Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200 on long term lease to Sichuan Airlines (China), marking the operator’s 100th airplane in their current fleet. The aircraft, outfitted with Sharklets and powered by IAE V2533 engines, is from ALC’s order book with Airbus. The delivery supplements numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan by ALC.

“We are proud of being able to contribute to Sichuan Airlines’ growth in the past, and we are privileged to deliver Sichuan Airlines’ 100th aircraft to them today. We appreciate the great relationship with the airline, and look forward to continued teamwork with Sichuan Airlines in the years to come,” said Steven F. Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation.

“Mr. Házy and his team delivered the very first A320 family aircraft in China to us in 1995. We have enjoyed working with them in the last 20 years, and we are pleased to take delivery of our 100th aircraft from ALC today. As Sichuan Airlines enters a new stage of its development, we see great potential for continued business cooperation between the two companies,” says Li Haiying, Sichuan Airlines' Chairman and Chief Executive Officer.

Forward-Looking Statements

This 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 Sichuan Airlines

Sichuan Airlines is a leading Chinese scheduled airline based in Chengdu, China. Sichuan operates frequent flights to all major destinations in China and the surrounding region in Asia, with a modern all-Airbus fleet.




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 Woeste

Manager, Media and Investor Relations

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