LOS ANGELES, CA, June 13, 2011 – Air Lease Corporation (ALC) announced today that it has signed lease agreements for 25 additional aircraft.

“ALC is focused on providing innovative fleet solutions for airlines around the world. We are proud to offer a young fleet of aircraft that maximizes operating efficiencies for each customer’s unique needs,” said Kishore Korde, Senior Vice President of ALC.

TRIP Linhas Aereas (Brazil) and ALC have entered into long term lease agreements for six new ATR 72-600s and six new Embraer 190LRs, delivering between July 2011 and October 2012.

ALC is leasing four new Embraer 190s to Bulgaria Air. Deliveries are set for March, April, June, and November 2012.

ALC is leasing an additional new Airbus A330-300 to Asiana Airlines (Korea), for delivery in September 2012.

ALC signed a 12 year lease agreement with Garuda Indonesia Airlines for a new Airbus A330-200.

ALC delivered a Boeing 737-800 (MSN 32919) on a long term lease to Caribbean Airlines Limited.

Previously unannounced from prior quarters, ALC acquired six additional Boeing 737-800s on lease to five operators, including two to Hainan (MSNs 35101 and 35077), and one each to Shanghai Airlines (MSN 34254), Sun Express (Turkey, MSN 36529), Xiamen (MSN 34253), and Sunwing (Canada, MSN 30292).

Forward-Looking Statements: This 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)
Launched in 2010, Air Lease Corporation (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:
Ryan McKenna
Director, Strategic Planning and Investor Relations
Email: [email protected]

Media:
Laura St. John
Media and Investor Relations Coordinator
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Air Lease Corporation
Phone: 310.553.0555
Fax: 310.553.0999